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Amy Chen & Jackson Wells Facilitate $1.103M Multifamily Sale In Boston

Property Image
SOLD
$1,103,000

Massachusetts

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MultiFamily2,016 SF
Sold 04/03/2024
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Property Image
SOLD

Amy Chen & Jackson Wells Facilitate $1.103M Multifamily Sale In Boston

29-31 Harriet Street

See Similar Deals
MultiFamily2,016 SF
Sold 04/03/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$547
Total Square Footage:2,016 SF
Transaction Type:Sale

Located at 29-31 Harriet Street in Boston, MA, this multifamily property was recently sold for $1,103,000. The asset offers a lucrative investment opportunity with two spacious 3-bedroom apartments, modern amenities, and convenient access to Brighton Center and transportation hubs. Spanning 2,016 square feet, the property was acquired at a price per square foot of $547.

Summary of transation details:

Amy Chen from Sennà represented the buyer in this transaction, while Jackson Wells from Harvard Real Estate served as the seller's representative. The deal involved skilled professionals ensuring a successful completion of the property sale.

Players

Jackson Wells
24 deals$30.4M volume
BROKER

Details

SOLD
IMAGE: Jackson Wells DATE: 04/03/2024 ADDRESS: 29-31 Harriet Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Amy Chen - Sennà SELLER'S REP: Jackson Wells (@WacoWells) - Harvard Real Estate (@Harvard.Real.Estate) SALE PRICE: $1,103,000 SF: 2,016 ~ PPSF: $547 NOTE: 29-31 Harriet St, Boston, MA: Sold for $1,103,000, this property offers a lucrative investment opportunity with two spacious 3-bedroom apartments, modern amenities, and convenient access to Brighton Center and transportation hubs. Ã

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

$58,826.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,918.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,228.78
Annual Debt Service$62,745.39