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43 Georgia Street

Markese Daise Of Stony Brook & Lennox Realty Advisors Sells Multifamily Property In Boston For $3.25M
SOLDMultiFamily

Markese Daise Of Stony Brook & Lennox Realty Advisors Sells Multifamily Property In Boston For $3.25M

43 Georgia Street & 49 Georgia Street

$3,250,000

$183/SF

Building Size

17,720 SF

Asset Type

MultiFamily

Closing

Feb 6, 2025

AI

A newly built 7-unit multifamily property at 43-49 Georgia Street, Boston, MA, was sold for $3,250,000. The asset features a total of 8,860 square feet and comes with 19 beds and 13+ baths. The price per unit is $464,286, while the price per square foot stands at $367. The property is projected to generate $350,000 in annual gross income, making it an attractive option for investors or owner-occupants. It also provides easy access to transit and major hubs in Boston.

Summary of transaction details:

The representation in this transaction was handled by Markese Daise from Stony Brook & Lennox Realty Advisors, who played a key role in facilitating the sale of the multifamily property.

Players

Markese Daise

Stony Brook & Lennox Realty Advisors

Broker

$22.4M

vol

15 deals

Broker

Dorchester 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

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93