JPT Realty LLC Acquires Multifamily Property In Boston, MA For $1.006M
SOLD
$1,006,000
Massachusetts
See Similar DealsMultiFamily1,480 SF
Sold 08/11/2021
SOLD
JPT Realty LLC Acquires Multifamily Property In Boston, MA For $1.006M
259-259a W 5th St, Boston, Massachusetts, USA
See Similar DealsMultiFamily1,480 SF
Sold 08/11/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$679
Total Square Footage:1,480 SF
Transaction Type:Sale
The multifamily property located at 259-259A W 5th St in Boston, MA has been sold for $1,006,000. The property spans 1,480 square feet, resulting in a price per square foot of $680.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,006,000
- Date: 08/11/2021
- Address: 259-259A W 5th St, Boston, MA
- Seller's Representative: Sandra McCarron - Capital Residential Group, LLC
- Buyer's Representative: Alexander Gill - JPT Realty LLC
Sandra McCarron from Capital Residential Group, LLC represented the seller in this transaction, while Alexander Gill from JPT Realty LLC represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,653.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,574.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,768.95
Annual Debt Service$57,227.44
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