Red Tree Real Estate Brokers Sell Multifamily Property In Boston For $1.3M
SOLD
$1,309,000
Massachusetts
See Similar DealsMultiFamily2,794 SF
Sold 04/12/2022
SOLD
Red Tree Real Estate Brokers Sell Multifamily Property In Boston For $1.3M
Foster Street, Boston, Massachusetts 02109, United States
See Similar DealsMultiFamily2,794 SF
Sold 04/12/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$468
Total Square Footage:2,794 SF
Transaction Type:Sale
The multifamily property located at 241 Foster St in Boston, MA has been sold for a total price of $1,309,000. The property spans an area of 2,794 square feet and was sold at an average price per square foot of $476. The sale was facilitated by Lee Kennon & Jerome Bibuld from Red Tree Real Estate.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,309,000
- Square Footage: 2,794
- Price Per Square Foot: $476
- Address: 241 Foster St, Boston, MA
- Market: Boston, MA
- Brokers: Lee Kennon & Jerome Bibuld - Red Tree Real Estate
Lee Kennon & Jerome Bibuld from Red Tree Real Estate played a pivotal role in the successful closing of this multifamily property sale in Boston. Their expertise and representation helped facilitate the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,813.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,650.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,205.33
Annual Debt Service$74,463.93
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