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Pierre Johnsson & Zachary Christman Represent Buyer In $1.6M Multifamily Sale
SOLD
Massachusetts
See Similar DealsMultiFamily2,378 SF
Sold 05/22/2024
SOLD
Pierre Johnsson & Zachary Christman Represent Buyer In $1.6M Multifamily Sale
33 Raymond Street
See Similar DealsMultiFamily2,378 SF
Sold 05/22/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$672
Total Square Footage:2,378 SF
Transaction Type:Sale
A two-family home at 33 Raymond in Boston, MA, sold for $1,600,000, featuring four bedrooms, two bathrooms, and 2,378 square feet of living space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 33 Raymond Street
- Market: Allston, MA
- Units: 2
- Price Per Unit: $800,000
- Square Footage: 2,378
- Price Per Square Foot: $673
The buyer's representatives for the deal were Pierre Johnsson and Zachary Christman from Hammond Residential Real Estate, while the seller was represented by Valerie Filiberto from A & S Realty Co., Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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