Paul G. Roiff Acquires Apartment Building In Boston For $5.5M
SOLD
$5,500,000
Massachusetts
See Similar DealsMultiFamily5,160 SF
Sold 05/16/2022
SOLD
Paul G. Roiff Acquires Apartment Building In Boston For $5.5M
250 Newbury Street, Boston, Massachusetts 02116, United States
See Similar DealsMultiFamily5,160 SF
Sold 05/16/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,065
Total Square Footage:5,160 SF
Transaction Type:Sale
The apartment property located at 250 Newbury St in Boston, MA was recently sold in a transaction on May 16, 2022. The property spans across 5,160 square feet and was sold for a total price of $5,500,000, resulting in a price per square foot of $1,065.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $5,500,000
- Square Footage: 5,160
- Price per Square Foot: $1,065
- Address: 250 Newbury St, Boston, MA
- Market: Boston, MA
The buyer in this transaction is Paul G. Roiff, while Kenneth Dobrov is the seller. Both parties were represented by their respective brokers.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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