Access Acquires Multifamily Property In Boston For $1.145M With Laurence Tamkin As Buyer's Rep
SOLD
$1,145,000
Massachusetts
See Similar DealsMultiFamily4,230 SF
Sold 07/09/2020
SOLD
Access Acquires Multifamily Property In Boston For $1.145M With Laurence Tamkin As Buyer's Rep
25 Browning Avenue, Boston, MA, USA
See Similar DealsMultiFamily4,230 SF
Sold 07/09/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$270
Total Square Footage:4,230 SF
Transaction Type:Sale
A multifamily property located at 25 Browning Ave in Boston, MA has been sold for a total price of $1,145,000. The property spans across 4,230 square feet, resulting in a price per square foot of $271. The sale transaction was completed on 07/09/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,145,000
- Square Footage: 4,230
- Price per Square Foot: $271
- Market: Boston, MA
The seller was represented by Dot Collection - Access, while the buyer was represented by Laurence Tamkin of Boston Commercial Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,067.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,427.88
Annual Debt Service$65,134.61
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