Updated Dec 21, 2023
Randy Pomfret Acquires Multifamily Property In Boston, MA For $1.39M
27 Upcrest Road, Boston, Massachusetts 02135, United States
$1,385,000
$569/SF
Building Size
2,432 SF
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
The multifamily property located at 27 Upcrest Rd in Boston, MA has been sold for a price of $1,385,000. The transaction took place on 01/05/2022 and involved a total of 2 units. The price per unit is $692,500 and the property spans a total area of 2,432 square feet, resulting in a price per square foot of $569.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,385,000
- Address: 27 Upcrest Rd, Boston, MA
- Market: Boston, MA
- Units: 2
- Price per Unit: $692,500
- Total Square Feet: 2,432
- Price per Square Foot: $569
The buyer's representative in the transaction was Randy Pomfret from Gibson Sotheby's International Realty, while the seller's representative was Ashley Morris from Coldwell Banker Realty - Belmont. They played an instrumental role in facilitating the sale of this multifamily property.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.45%
Cash-on-Cash
-3.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93