MIG Acquires Multifamily Property In Boston, MA For $1.75M
SOLD
$1,755,000
Massachusetts
See Similar DealsMultiFamily5,856 SF
Sold 07/12/2022
SOLD
MIG Acquires Multifamily Property In Boston, MA For $1.75M
3 Sutton Street
See Similar DealsMultiFamily5,856 SF
Sold 07/12/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$299
Total Square Footage:5,856 SF
Transaction Type:Sale
The multifamily property located at 3 Sutton St in Boston, MA has been sold for a total price of $1,755,000. This property consists of 6 units, with a price per unit of $292,500. The total square footage of the property is 5,856, resulting in a price per square foot of $300.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,755,000
- Units: 6
- Price per Unit: $292,500
- Square Footage: 5,856
- Price per Square Foot: $300
- Broker: Hakim Sadler & Jeff Ravelo - MIG
The deal was facilitated by Hakim Sadler & Jeff Ravelo from MIG, who represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,235.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,319.60
Annual Debt Service$99,835.14
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