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Boston Crown Realty Acquires Multifamily Complex In Weymouth, MA For $2.45M

Property Image
SOLD
$2,450,000
Shailesh Shah
Thomas "Tom" McFarland

Massachusetts

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MultiFamily6,627 SF
Sold 11/30/2021
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Property Image
SOLD

Boston Crown Realty Acquires Multifamily Complex In Weymouth, MA For $2.45M

41 Columbian Street, Weymouth, MA, USA

See Similar Deals
MultiFamily6,627 SF
Sold 11/30/2021
Shailesh Shah
Thomas "Tom" McFarland
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:6,627 SF
Transaction Type:Sale

The multifamily property located at 41 Columbian St in Weymouth, MA has been sold for a total price of $2,450,000. The property comprises of 5 units, with each unit having a price per unit (PPU) of $490,000. The total square footage of the property is 6,627, translating to a price per square foot (PPSF) of $370.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,450,000
  • Units: 5
  • PPU: $490,000
  • Square Footage: 6,627
  • PPSF: $370
  • Market: Weymouth, MA

The buyer's representative in this transaction was Shailesh Shah of Boston Crown Realty, LLC, while the seller's representative was Tom McFarland of RE/MAX Realty Pros.

Players

Thomas "Tom" McFarland
Re/Max
Thomas McFarland
5 deals$7.5M volume
BROKER
Shailesh Shah
Shailesh Shah
1 deal$2.5M volume
BROKER

Details

SOLD
IMAGE: Tom McFarland & Shailesh Shah DATE: 11/30/2021 ADDRESS: 41 Columbian St MARKET: Weymouth, MA ASSET TYPE: Multifamily BUYER'S REP: Shailesh Shah - Boston Crown Realty, LLC SELLER'S REP: Tom McFarland - RE/MAX Realty Pros SALE PRICE: $2,450,000 UNITS: 5 ~ PPU: $490,000 SF: 6,627 ~ PPSF: $370

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
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