John Federico & Paul Colleary Acquire Multifamily Property In Boston, MA For $1.75M
SOLD
Massachusetts
See Similar DealsMultiFamily4,173 SF
Sold 02/11/2021
SOLD
John Federico & Paul Colleary Acquire Multifamily Property In Boston, MA For $1.75M
428 East 5th Street, Boston, Massachusetts, USA
See Similar DealsMultiFamily4,173 SF
Sold 02/11/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$420
Total Square Footage:4,173 SF
Transaction Type:Sale
The multifamily property located at 428 E 5th Street in Boston, MA was sold on 02/11/2021 for a price of $1,755,000. The property spans a total of 4,173 square feet, resulting in a price per square foot of $421.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,755,000
- Address: 428 E 5th Street
- Market: Boston, MA
The sale of this multifamily property was facilitated by Paul Colleary from Dream Realty, representing the seller, and John Federico from Greater Metropolitan R. E., representing the buyer.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,235.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,319.60
Annual Debt Service$99,835.14
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