Core Property Group Acquires Multifamily Property In Boston, MA For $3.08M
SOLD
$3,080,000
Massachusetts
See Similar DealsMultiFamily5,754 SF
Sold 07/08/2022
SOLD
Core Property Group Acquires Multifamily Property In Boston, MA For $3.08M
247 L Street, Boston, Massachusetts 02127, United States
See Similar DealsMultiFamily5,754 SF
Sold 07/08/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$535
Total Square Footage:5,754 SF
Transaction Type:Sale
Located at 247 L St in Boston, MA, this multifamily property was recently sold. The sale was facilitated by Ryan Foley, Zach Barron, and John Federico.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,080,000
- Address: 247 L St, Boston, MA
- Market: Boston, MA
Zach Barron from Core Property Group represented the buyer in this transaction, while Ryan Foley and John Federico, known as the Foley/Federico Team, represented the seller.
The property consists of 3 units, offering an average price per unit of $1,026,667. With a total area of 5,754 square feet, the price per square foot for this multifamily asset is $535.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$164,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,942.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,600.77
Annual Debt Service$175,209.26
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