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Coldwell Banker Acquires Multifamily Property In Boston For $2.3M
SOLD
Massachusetts
See Similar DealsMultiFamily2,012 SF
Sold 06/16/2023
SOLD
Coldwell Banker Acquires Multifamily Property In Boston For $2.3M
4 Myrtle St Boston, MA 02114, USA
See Similar DealsMultiFamily2,012 SF
Sold 06/16/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,146
Total Square Footage:2,012 SF
Transaction Type:Sale
A 2,012-square-foot multifamily property located at 4 Myrtle Street in Boston, MA was sold for $2,307,500 on June 16, 2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,307,500
- Address: 4 Myrtle Street, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Charlie Ring - Coldwell Banker
- Seller's Representative: Rob Kilgore - Compass
- Square Footage: 2,012
- Price per Square Foot: $1,147
Charlie Ring, representing Coldwell Banker, served as the buyer's representative in the transaction, while Rob Kilgore, representing Compass, represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$123,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,198.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,938.73
Annual Debt Service$131,264.73
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