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Remax Acquires Multifamily Property In Charlestown, MA For $2.3M
SOLD
Massachusetts
See Similar DealsMultiFamily4,205 SF
Sold 06/28/2023
SOLD
Remax Acquires Multifamily Property In Charlestown, MA For $2.3M
40 Mt Vernon St Boston, Ma 02129, Usa
See Similar DealsMultiFamily4,205 SF
Sold 06/28/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$547
Total Square Footage:4,205 SF
Transaction Type:Sale
On June 28, 2023, a property located at 40 MT Vernon in Charlestown, MA, was sold for $2,300,000. The property's details regarding asset type were not provided.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Square Footage: 4,205 SF
- Price per Square Foot: $547
- Address: 40 MT Vernon, Charlestown, MA
- Market: Charlestown, MA
The sale was facilitated by Tina Endicott of Remax as the buyer's representative and Eve Dougherty of Compass as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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