Susanne McInerney Acquires Multifamily Property On Ballard Street For $1.05M
SOLD
$1,050,000
Massachusetts
See Similar DealsMultiFamily1,725 SF
Sold
SOLD
Susanne McInerney Acquires Multifamily Property On Ballard Street For $1.05M
31 Ballard Street, Boston, Jamaica Plain, Massachusetts, USA
See Similar DealsMultiFamily1,725 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$608
Total Square Footage:1725 SF
Transaction Type:Sale
Located at 31 Ballard Street in Boston, Massachusetts, this recently closed property transaction involved a multifamily asset. The sale took place on April 1, 2021, with a sale price of $1,050,000. The property spans 1,725 square feet, resulting in a price per square foot of $609.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- SF: 1,725
- PPSF: $609
Betsy Herald from The Charles Realty represented the seller in this transaction, while Susanne McInerney from eXp Realty acted as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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