Sprogis Neale Doherty Team Acquires Multifamily In Boston, MA For $3.1M
SOLD
$3,075,000
Massachusetts
See Similar DealsMultiFamily4,426 SF
Sold 09/01/2022
SOLD
Sprogis Neale Doherty Team Acquires Multifamily In Boston, MA For $3.1M
30 Concord Square, Boston, Massachusetts 02118, United States
See Similar DealsMultiFamily4,426 SF
Sold 09/01/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$694
Total Square Footage:4,426 SF
Transaction Type:Sale
The multifamily property located at 30 Concord Sq in Boston, MA has been sold. The transaction took place on 09/01/2022, with a sale price of $3,075,000. The property spans across 4,426 square feet, resulting in a price per square foot of $695. John Neale & Bradford Sprogis shared an image of the property on their Instagram page.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,075,000
- Address: 30 Concord Sq, Boston, MA
- Market: Boston, MA
- Image: John Neale & Bradford Sprogis
- Date: 09/01/2022
The sale of this multifamily property was facilitated by the Sprogis Neale Doherty Team from Sprogis & Neale Real Estate. They acted as the broker representing the buyer or seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$163,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,924.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,577.07
Annual Debt Service$174,924.83
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