Updated Dec 21, 2023
Hammond Residential Real Estate Acquires Multifamily Property In Boston For $1.4M
35 Presentation Road, Boston, Massachusetts 02135, United States
$1,401,000
$523/SF
Building Size
2,679 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
About this deal
AI
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.
On the Map
$1,401,000
$523/SF
MultiFamily
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Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $523 per square foot on a published $1.4M for 2,679 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.32%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93