Laurence Tamkin Acquires Multifamily Property In Boston, MA For $3.5M
SOLD
$3,500,000
Massachusetts
See Similar DealsMultiFamily9,275 SF
Sold 04/30/2021
SOLD
Laurence Tamkin Acquires Multifamily Property In Boston, MA For $3.5M
2747 Washington St, Boston, Massachusetts, USA
See Similar DealsMultiFamily9,275 SF
Sold 04/30/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$377
Total Square Footage:9,275 SF
Transaction Type:Sale
The multifamily property located at 2747 Washington St in Boston, MA was sold on April 30, 2021. The property, spanning 9,275 square feet, was sold for a total price of $3,500,000, resulting in a price per square foot of $377.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Square Footage: 9,275
- Address: 2747 Washington St, Boston, MA
- Market: Boston, MA
Laurence Tamkin from Boston Commercial Realty represented the buyer in this transaction, while The Residential Group from William Raveis R.E. & Home Services represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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