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
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