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3 Sutton Street

MIG Acquires Multifamily Property In Boston, MA For $1.75M
SOLDMultiFamily

MIG Acquires Multifamily Property In Boston, MA For $1.75M

3 Sutton Street

$1,755,000

$299/SF

Building Size

5,856 SF

Asset Type

MultiFamily

Closing

Jul 12, 2022

AI

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.

Players

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 deals

Broker

New York 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

9.04%

Cash-on-Cash

-2.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93