Carl Christie Represents Sale Of Multifamily Property In Boston, MA For $6.2M
SOLD
$6,200,000
Massachusetts
See Similar DealsMultiFamily8,790 SF
Sold 12/01/2021
SOLD
Carl Christie Represents Sale Of Multifamily Property In Boston, MA For $6.2M
27 Bay State Rd, Boston, MA, USA
See Similar DealsMultiFamily8,790 SF
Sold 12/01/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$705
Total Square Footage:8,790 SF
Transaction Type:Sale
This multifamily property located at 27 Bay State Rd in Boston, MA was recently sold for a total price of $6,200,000. The transaction was facilitated by broker Carl Christie. The property spans across 8,790 square feet, resulting in a price per square foot of $705.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $6,200,000
Carl Christie, representing the seller or buyer, played a crucial role in the successful completion of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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