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Currier, Lane & Young Acquires Multifamily Property In Boston For $3.2M

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SOLD
$3,200,000

Massachusetts

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MultiFamily3,149 SF
Sold
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Property Image
SOLD

Currier, Lane & Young Acquires Multifamily Property In Boston For $3.2M

432 Marlborough Street, Boston, Massachusetts 02115, United States

See Similar Deals
MultiFamily3,149 SF
Sold
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1016
Total Square Footage:3149 SF
Transaction Type:Sale

The multifamily property located at 432 Marlborough St in Boston, MA has been sold for a price of $3,200,000. The property consists of 5 units, with a price per unit of $640,000. The total square footage of the property is 3,149, with a price per square foot of $1,016.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Units: 5
  • Price per Unit: $640,000
  • Square Footage: 3,149
  • Price per Square Foot: $1,016

The buyer was represented by Currier, Lane & Young from Compass, while the seller was represented by Matthew Yanosy from Boston Realty Net.

Players

Boston Realty Net
Boston Realty Net
BROKERAGE

Details

SOLD
IMAGE: Matthew Yanosy DATE: 09/30/2022 ADDRESS: 432 Marlborough St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Currier, Lane & Young (@CurrierLaneYoung) - Compass (@Compass) SELLER'S REP: Matthew Yanosy (@MattYanosy) - Boston Realty Net (@BostonRealtyNet) SALE PRICE: $3,200,000 UNITS: 5 ~ PPU: $640,000 SF: 3,149 ~ PPSF: $1,016

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
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