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Compass Represents Buyer In $12.08M Sale Of Multifamily Property In Boston
SOLD
Massachusetts
See Similar DealsMultiFamily3,808 SF
Sold 11/15/2023
SOLD
Compass Represents Buyer In $12.08M Sale Of Multifamily Property In Boston
43 Ainsworth Street
See Similar DealsMultiFamily3,808 SF
Sold 11/15/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$317
Total Square Footage:3,808 SF
Transaction Type:Sale
A multifamily property located at 43 Ainsworth Street in Boston, MA has been successfully sold for $12,080,000. The property spans a total of 3,808 square feet and was sold at a price of $3,172 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,080,000
- Address: 43 Ainsworth Street, Boston, MA
- Market: Boston, MA
Colleen Kelly from Compass represented the buyer in this transaction, while Lisa Harrington of Jack Conway & Company acted as the seller's representative. Their expertise and negotiation skills contributed to the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,426.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,291.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,726.54
Annual Debt Service$68,718.44
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