Dan Delia Of Grove Property Group Sells Multifamily In Boston For $2.06M
SOLD
$2,060,000
Massachusetts
See Similar DealsMultiFamily4,176 SF
Sold 05/24/2024
SOLD
Dan Delia Of Grove Property Group Sells Multifamily In Boston For $2.06M
29 Charter Street
See Similar DealsMultiFamily4,176 SF
Sold 05/24/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$493
Total Square Footage:4,176 SF
Transaction Type:Sale
The multifamily property located at 29 Charter Street in Boston, MA, was sold for $2,060,000. This property consists of 4 units with a total square footage of 4,176. The price per unit was $515,000, and the price per square foot stood at $493.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,060,000
- Units: 4
- Price per Unit: $515,000
- Square Footage: 4,176
- Price per Square Foot: $493
- Address: 29 Charter Street
- Market: Boston, MA
- Seller: John Cammarata
- Broker: Dan Delia - Grove Property Group
Dan Delia from Grove Property Group represented the seller, John Cammarata, in this transaction, which took place on 05/24/2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,318.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,765.45
Annual Debt Service$117,185.41
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