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32 Upton Street, Boston, Ma...

Kerry Nelson Acquires Multifamily Property In Boston For $4.03M
SOLDMultiFamily

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

Collin Bray

Century 21

Broker

$26.6M

vol

9 deals

Broker

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