Red Tree Real Estate Brokers Sale Of Multifamily Property On Melrose St For $1.7M
SOLD
$1,700,000
Massachusetts
See Similar DealsMultiFamily1,900 SF
Sold 09/09/2021
SOLD
Red Tree Real Estate Brokers Sale Of Multifamily Property On Melrose St For $1.7M
25 Melrose Street, Boston, MA, USA
See Similar DealsMultiFamily1,900 SF
Sold 09/09/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$894
Total Square Footage:1,900 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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