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Residential Group Completes $4.95M Sale Of MultiFamily Asset In Boston
SOLD
$4,950,000
+ 2
Massachusetts
See Similar DealsMultiFamily14,088 SF
Sold 05/16/2024
SOLD
Residential Group Completes $4.95M Sale Of MultiFamily Asset In Boston
435 Walnut Avenue
See Similar DealsMultiFamily14,088 SF
Sold 05/16/2024
+ 2
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$351
Total Square Footage:14,088 SF
Transaction Type:Sale
435 Walnut Ave in Boston, MA 02119 sold for $4,950,000, presenting a lucrative investment opportunity with a freestanding brick building housing 13 residential units in Jamaica Plain. The property spans 14,088 square feet, resulting in a price per square foot of $351.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,950,000
- Address: 435 Walnut Avenue, Boston, MA 02119
- Market: Boston, MA
- Brokers: Caleb Charles, Michael Dorion, Sarah Carroll, Scott Johnson & Jason Manganello - The Residential Group William Raveis Real Estate
The deal involved a team of brokers representing the seller and facilitating the transaction. Caleb Charles, Michael Dorion, Sarah Carroll, Scott Johnson, and Jason Manganello from The Residential Group at William Raveis Real Estate collaborated to successfully close the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30
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