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William Raveis Real Estate Acquires Multifamily Property In Boston For $2.02M
SOLD
$2,017,500
Massachusetts
See Similar DealsMultiFamily3,043 SF
Sold 06/02/2023
SOLD
William Raveis Real Estate Acquires Multifamily Property In Boston For $2.02M
271 W Fifth St Boston, Ma 02127, Usa
See Similar DealsMultiFamily3,043 SF
Sold 06/02/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$663
Total Square Footage:3,043 SF
Transaction Type:Sale
A multifamily property located at 271 West 5th Street in Boston, MA, was sold for $2,017,500. The transaction involved a 3,043 square foot space with a price per square foot of $663.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,017,500
- Address: 271 West 5th Street, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Stephen McCarthy - William Raveis Real Estate - Boston - Back Bay
- Seller's Representative: John Pentore - Horvath & Tremblay
- Square Footage: 3,043
- Price per Square Foot: $663
The transaction was facilitated by Stephen McCarthy of William Raveis Real Estate - Boston - Back Bay representing the buyer, and John Pentore of Horvath & Tremblay representing the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$107,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,167.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,563.98
Annual Debt Service$114,767.75
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