Laurence Tamkin & Vicky Xiao Sell Multifamily Property In Boston, MA For $1.001M
SOLD
$1,001,000
Massachusetts
See Similar DealsMultiFamily3,432 SF
Sold 05/09/2022
SOLD
Laurence Tamkin & Vicky Xiao Sell Multifamily Property In Boston, MA For $1.001M
35 Wilcock Street, Boston, Massachusetts 02124, United States
See Similar DealsMultiFamily3,432 SF
Sold 05/09/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$291
Total Square Footage:3,432 SF
Transaction Type:Sale
Located at 35 Wilcock St in Boston, Massachusetts, this multifamily property recently changed hands in a closed transaction. The deal was facilitated by Laurence Tamkin from Boston Commercial Realty, representing the buyer, and Vicky Xiao from Century 21 North East, representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,001,000
- Units: 3
- Price per Unit: $336,667
- Square Footage: 3,432
- Price per Square Foot: $292
The property consists of 3 units spanning across 3,432 square feet. The sale price for this multifamily asset was $1,001,000, resulting in a price per unit of $336,667 and a price per square foot of $292. Laurence Tamkin from Boston Commercial Realty represented the buyer, while Vicky Xiao from Century 21 North East represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,386.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,556.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,745.25
Annual Debt Service$56,943.01
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