Updated Dec 4, 2024
Saul Perlera & Amanda George Facilitate $1.1M Sale Of East Boston Multifamily
42 Lexington Street
$1,100,000
$404/SF
Building Size
2,722 SF
Asset Type
MultiFamily
Closing
Apr 30, 2024
About this deal
AI
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:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 42 Lexington Street
- Market: East Boston, MA
- Square Footage: 2,722
- Price per Square Foot: $404
- Buyer's Rep: Saul Perlera - Perlera Real Estate
- Seller's Rep: Amanda George - Century 21
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
East Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93