Chukwudera Okoli Acquires Multifamily Property At 282 Walnut Avenue In Boston, MA
SOLD
$2,400,000
Massachusetts
See Similar DealsMultiFamily7,830 SF
Sold 08/14/2020
SOLD
Chukwudera Okoli Acquires Multifamily Property At 282 Walnut Avenue In Boston, MA
282 Walnut Ave, Boston, MA 02119, USA
See Similar DealsMultiFamily7,830 SF
Sold 08/14/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$306
Total Square Footage:7,830 SF
Transaction Type:Sale
The multifamily property located at 282 Walnut Avenue in Boston, MA has been sold. The property spans over 7,830 square feet with a sale price of $2,400,000, resulting in a price per square foot of $307. The transaction was finalized on August 14, 2020. The image of the property is provided by Jorge Sariego.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 282 Walnut Avenue, Boston, MA
- Market: Boston, MA
- Seller: Manny Duran
- Buyer: Chukwudera Okoli
- Seller's Representative: Jorge Sariego - One Realty Group
- Buyer's Representative: Richard Moreno
Jorge Sariego from One Realty Group represented the seller, Manny Duran, in this transaction. The buyer, Chukwudera Okoli, was represented by Richard Moreno.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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