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Saul Perlera & Amanda George Facilitate $1.1M Sale Of East Boston Multifamily

Property Image
SOLD
$1,100,000

Massachusetts

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MultiFamily2,722 SF
Sold 04/30/2024
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Property Image
SOLD

Saul Perlera & Amanda George Facilitate $1.1M Sale Of East Boston Multifamily

42 Lexington Street

See Similar Deals
MultiFamily2,722 SF
Sold 04/30/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$404
Total Square Footage:2,722 SF
Transaction Type:Sale

A freestanding three-unit home at 42 Lexington St, Boston, with six bedrooms and four bathrooms, sold for $1,100,000. Built in 1900, the property features large rooms, high ceilings, and a finished basement, with potential for historical preservation, renovation, or redevelopment.

Summary of transaction details:

Saul Perlera from Perlera Real Estate represented the buyer in the transaction, while Amanda George from Century 21 represented the seller, facilitating the successful sale of the multifamily property located in East Boston, MA.

Players

Saul Perlera
4 deals$5M volume
BROKER

Amanda George
Century 21
1 deal$1.1M volume(617) 347-0699
BROKER

Details

SOLD
IMAGE: Saul Perlera & Amanda George DATE: 04/30/2024 ADDRESS: 42 Lexington Street MARKET: East Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Saul Perlera - Perlera Real Estate (@Perlera.RE) SELLER'S REP: Amanda George (@AmandaTheRealtor) - Century 21 (@Century21) SALE PRICE: $1,100,000 SF: 2,722 ~ PPSF: $404 NOTE: A freestanding three-unit home at 42 Lexington St, Boston, with six bedrooms and four bathrooms, sold for $1,100,000. Built in 1900, the property features large rooms, high ceilings, and a finished basement, with potential for historical preservation, renovation, or redevelopment.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73