Hammond Residential Real Estate Acquires Multifamily Property In Boston For $1.4M
SOLD
$1,401,000
Massachusetts
See Similar DealsMultiFamily2,679 SF
Sold 12/17/2021
SOLD
Hammond Residential Real Estate Acquires Multifamily Property In Boston For $1.4M
35 Presentation Road, Boston, Massachusetts 02135, United States
See Similar DealsMultiFamily2,679 SF
Sold 12/17/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$523
Total Square Footage:2,679 SF
Transaction Type:Sale
The multifamily property located at 35-37 Presentation Rd in Boston, MA has been sold. The transaction took place on December 17, 2021, with a sale price of $1,401,000. The property consists of two units and spans a total area of 2,679 square feet. The price per unit was approximately $700,500, and the price per square foot was approximately $523.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,401,000
- Units: 2
- Price per Unit: $700,500
- Square Footage: 2,679
- Price per Square Foot: $523
- Address: 35-37 Presentation Rd, Boston, MA
The buyer's representative in this transaction was Shari Lyons from Hammond Residential Real Estate, while the seller's representative was Ed Lyon from Preservation Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,719.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,977.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,641.45
Annual Debt Service$79,697.46
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