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Steven Ward Of Re/Max Facilitates $1.5M Multifamily Sale In Boston
SOLD
$1,500,000
Massachusetts
See Similar DealsMultiFamily4,603 SF
Sold 03/15/2024
SOLD
Steven Ward Of Re/Max Facilitates $1.5M Multifamily Sale In Boston
3 Regent Circle
See Similar DealsMultiFamily4,603 SF
Sold 03/15/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$325
Total Square Footage:4,603 SF
Transaction Type:Sale
A multifamily property located at 3 Regent Circle in Boston, MA, was sold for $1,500,000. The property spans 4,603 square feet, resulting in a price per square foot of $326.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 3 Regent Circle
- Market: Boston, MA
The buyer's representative in this transaction was Steven Ward from Re/Max. On the other side, the seller was represented by Sabrina Carr Group affiliated with William Raveis R.E. & Home Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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