William J. Doherty III & Grace C. Walton Sell Multifamily Property On Forest Street In Boston, MA For $920,000
SOLD
$920,000
Massachusetts
See Similar DealsMultiFamily2,682 SF
Sold 07/07/2020
SOLD
William J. Doherty III & Grace C. Walton Sell Multifamily Property On Forest Street In Boston, MA For $920,000
33 Forest Street, Boston, Massachusetts, USA
See Similar DealsMultiFamily2,682 SF
Sold 07/07/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$343
Total Square Footage:2,682 SF
Transaction Type:Sale
The multifamily property located at 33 Forest Street in Boston, MA has been sold in a recent transaction. The property, with a total area of 2,682 square feet, was listed for an asking price of $899,000. The sale was facilitated by broker Josue Velney of Dress Blue Realty LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $920,000
- Seller: William J. Doherty III & Grace C. Walton
- Broker: Josue Velney - Dress Blue Realty LLC
The sellers of the property were William J. Doherty III and Grace C. Walton. Representing them in the deal was broker Josue Velney from Dress Blue Realty LLC. The sale price of the property was $920,000, resulting in a price per square foot of $343.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,268.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,361.27
Annual Debt Service$52,335.23
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