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35 Presentation Road, Bosto...

Hammond Residential Real Estate Acquires Multifamily Property In Boston For $1.4M
SOLDMultiFamily

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

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.

Players

Ed Lyon

Broker

$12.1M

vol

9 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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