SOLDMultiFamily
Red Tree Real Estate Brokers Sale Of Multifamily Property On Melrose St For $1.7M
25 Melrose Street, Boston, MA, USA
$1,700,000
$894/SF
Building Size
1,900 SF
Asset Type
MultiFamily
Closing
Sep 9, 2021
AI
A multifamily property located at 25 Melrose St in Boston, MA has been sold for a price of $1,700,000. The property spans across 1,900 square feet and has a price per square foot value of $895. The sale took place on September 9, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Square Feet: 1,900
- Price per Square Foot: $895
- Address: 25 Melrose St, Boston, MA
- Market: Boston, MA
Jerome Bibuld from Red Tree Real Estate represented the seller in this property sale.
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93