@TorringtonProperties Acquires Multifamily Asset In Boston, MA For $2.06M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily1,748 SF
Sold 03/02/2021
SOLD
@TorringtonProperties Acquires Multifamily Asset In Boston, MA For $2.06M
214 E St, South Boston, Boston, MA, USA
See Similar DealsMultiFamily1,748 SF
Sold 03/02/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$629
Total Square Footage:1,748 SF
Transaction Type:Sale
A multifamily property located at 241-243 East Street in Boston, MA has been sold for a price of $2,060,000. The property consists of 5 units, resulting in a price per unit of $412,000. The sale took place on January 21, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,060,000
- Units: 5
- Price per Unit: $412,000
The buyer of the property is Torrington Properties. The sale was facilitated by brokers Nick Jasinski and Kurt Cawley from United Multi Family.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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