Cape Coastal Sotheby's Acquires Multifamily In Boston For $1.365M
SOLD
$1,365,000
Massachusetts
See Similar DealsMultiFamily5,022 SF
Sold 11/12/2021
SOLD
Cape Coastal Sotheby's Acquires Multifamily In Boston For $1.365M
299 Norfolk St, Boston, MA, USA
See Similar DealsMultiFamily5,022 SF
Sold 11/12/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$271
Total Square Footage:5,022 SF
Transaction Type:Sale
A multifamily property located at 299 Norfolk St in Boston, MA has been sold for a price of $1,365,000. The property spans across 5,022 square feet and was sold at a price per square foot of $272.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Address: 299 Norfolk St, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Cori Daddabbo from Cape Coastal Sotheby's International Realty. Representing the seller was Curtis Howe from Howe Realty Group.
Note: No additional information regarding the transaction is available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,849.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,470.80
Annual Debt Service$77,649.56
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