facebook
Traded Co logo
Submit

Alexander Theocles Of HSRE Group Brokers $3.2M Sale Of 5-unit Multifamily In Boston, MA

Property Image
SOLD
$3,200,000

Massachusetts

See Similar Deals
MultiFamily6,740 SF
Sold 08/26/2022
the dealplayerscompscontact
Property Image
SOLD

Alexander Theocles Of HSRE Group Brokers $3.2M Sale Of 5-unit Multifamily In Boston, MA

307/309 W Broadway, Boston, MA 02127

See Similar Deals
MultiFamily6,740 SF
Sold 08/26/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$474
Total Square Footage:6,740 SF
Transaction Type:Sale

A multifamily property located at 307/309 W Broadway in Boston, MA has been sold for $3,200,000. The property consists of 5 units, with an average price per unit of $640,000. The total square footage of the property is 6,740, resulting in a price per square foot of $475.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Units: 5
  • Price per Unit: $640,000
  • Square Footage: 6,740
  • Price per Square Foot: $475
  • Address: 307/309 W Broadway, Boston, MA
  • Broker: Alexander Theocles - HSRE Group
  • Market: Boston, MA

The sale was facilitated by Alexander Theocles from HSRE Group. The transaction showcases the successful collaboration between the buyer and seller, resulting in the transfer of ownership for the multifamily property at 307/309 W Broadway, Boston, MA.

Players

Alexander Theocles
2 deals$4.3M volume
BROKER

Theocles Realty Advisors
BROKERAGE

Details

SOLD
IMAGE: Alexander Theocles DATE: 08/26/2022 ADDRESS: 307/309 W Broadway MARKET: Boston, MA ASSET TYPE: Multifamily BROKER: Alexander Theocles - HSRE Group SALE PRICE: $3,200,000 UNITS: 5 ~ PPU: $640,000 SF: 6,740 ~ PPSF: $475

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59