Kerry Nelson Acquires Multifamily Property In Boston For $4.03M
32 Upton Street, Boston, Massachusetts 02118, United States
$4,030,000
$1,046/SF
Building Size
3,850 SF
Asset Type
MultiFamily
Closing
Jul 4, 2022
AI
The multifamily property located at 32 Upton St in Boston, MA was recently sold for a total price of $4,030,000. The sale took place on 07/05/2022 and involved a total of 4 units. With a price per unit (PPU) of $1,007,500, the property spans across 3,850 square feet, resulting in a price per square foot (PPSF) of $1,047.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,030,000
- Units: 4
- Price per Unit (PPU): $1,007,500
- Square Footage (SF): 3,850
- Price per Square Foot (PPSF): $1,047
- Address: 32 Upton St, Boston, MA
- Market: Boston, MA
The buyer of the property is Kerry Nelson, while the seller is George Lagos. The deal was facilitated by Collin Bray from Century21, serving as the broker in the transaction.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.94%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93