Updated Sep 9, 2024
MIG Realty Brokers $1.1M Sale Of Multifamily Property In Boston, MA
2999 Washington St, Boston, Massachusetts, USA
$1,105,000
$530/SF
Building Size
2,083 SF
Asset Type
MultiFamily
Closing
Jul 20, 2020
About this deal
AI
A multifamily property located at 2999 Washington St in Boston, MA was recently sold. The property has a total square footage of 2,083 and was sold for $1,105,000, resulting in a price per square foot of $530. The sale took place on July 20, 2021, and the transaction was facilitated by Hakim Sadler of MIG Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,105,000
- Address: 2999 Washington St, Boston, MA
- Market: Boston, MA
Hakim Sadler, representing MIG Realty, played a key role in the sale of the multifamily property. The deal showcased the expertise and professionalism of Hakim Sadler and MIG Realty in facilitating successful real estate transactions.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.36%
Cash-on-Cash
-4.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93