Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
A building located at 26 Sunnyside St, Boston, MA, 02130 in the Jamaica Plain market has been sold for $7,990,000. The property consists of newly renovated apartments and spans 0 square feet.
Summary of transaction details:
- Property Type: Apartment building
- Transaction Amount: $7,990,000.00
- Buyer: Sunnyside Exchange LLC
- Seller: Norbert Associates LLC
- Buyer's Representative: Candice Klapman - Otis and Ahearn
- Seller's Representative: Dan Gardner - DMG Brokerage
Dan Gardner, partner/broker at DMG Brokerage, represented Norbert Associates LLC in the transaction. The buyer, Sunnyside Exchange LLC, was represented by Candice Klapman of Otis and Ahearn. This indicates the collaboration between the brokerage firms involved in the property sale.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,386.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,876.68
Annual Debt Service$454,520.12
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