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Chris Poulos & Markese Daise Close $1.55M Sale Of Multifamily Property In Boston
SOLD
Massachusetts
See Similar DealsMultiFamily3,897 SF
Sold 05/10/2024
SOLD
Chris Poulos & Markese Daise Close $1.55M Sale Of Multifamily Property In Boston
27 Juliette Street
See Similar DealsMultiFamily3,897 SF
Sold 05/10/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$397
Total Square Footage:3,897 SF
Transaction Type:Sale
A newly renovated 3-family home at 27 Juliette St, Boston, MA 02122, sold for $1,550,000, boasting 9 beds and 6 baths with potential for adding a 4th unit in the basement. The property spans 3,897 square feet, translating to a price per unit of $516,667 and a price per square foot of $398.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Units: 3
- Square Footage: 3,897
- Price per Unit: $516,667
- Price per Square Foot: $398
- Address: 27 Juliette Street, Boston, MA
- Market: Boston, MA
Chris Poulos from Coldwell Banker represented the buyer, while Markese Daise from Stony Brook & Lennox Realty Advisors was the seller's representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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