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Compass Broker Kristen Day Sells Multifamily Building In Boston, MA For $1.21M

Property Image
SOLD
$1,210,000

Massachusetts

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MultiFamily2,187 SF
Sold 05/06/2022
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Property Image
SOLD

Compass Broker Kristen Day Sells Multifamily Building In Boston, MA For $1.21M

281 E Street, Boston, Massachusetts 02127, United States

See Similar Deals
MultiFamily2,187 SF
Sold 05/06/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$553
Total Square Footage:2,187 SF
Transaction Type:Sale

The multifamily property located at 281 E St in Boston, MA was recently sold for a price of $1,210,000. The property consists of 3 units, resulting in a price per unit of $403,333. The total square footage of the property is 2,187, making the price per square foot $533.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,210,000
  • Units: 3
  • Price per unit: $403,333
  • Square Footage: 2,187
  • Price per square foot: $533
  • Address: 281 E St, Boston, MA
  • Market: Boston, MA
  • Buyer's Representative: Lin Xu - Keller Williams Realty Cambridge
  • Seller's Representative: Kristen Day - Compass

The buyer's representative in this transaction was Lin Xu from Keller Williams Realty Cambridge, while Kristen Day from Compass represented the seller. These individuals played a crucial role in facilitating the sale of the multifamily property at 281 E St.

Players

Lin Xu
7 deals$11.1M volume(617) 214-1355
BROKER

Kristen Day
Compass
1 deal$1.2M volume
BROKER

Details

SOLD
IMAGE: Kristen Day DATE: 05/06/2022 ADDRESS: 281 E St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Lin Xu - Keller Williams Realty Cambridge SELLER'S REP: Kristen Day - Compass SALE PRICE: $1,210,000 UNITS: 3 ~ PPU: $403,333 SF: 2,187 ~ PPSF: $533

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,298.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,736.02
Annual Debt Service$68,832.21