William Raveis Real Estate - Boston - South End Sells Multifamily Property In Boston, MA For $5.2M
SOLD
$5,175,000
Massachusetts
See Similar DealsMultiFamily10,543 SF
Sold 06/30/2022
SOLD
William Raveis Real Estate - Boston - South End Sells Multifamily Property In Boston, MA For $5.2M
44-46 Lexington Street, Springfield, Massachusetts 01107, United States
See Similar DealsMultiFamily10,543 SF
Sold 06/30/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$490
Total Square Footage:10,543 SF
Transaction Type:Sale
The multifamily property located at 44-46 Lexington St in Boston, MA has been sold for $5,175,000. The property spans across 10,543 square feet, resulting in a price per square foot of $491.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,175,000
- Address: 44-46 Lexington St, Boston, MA
- Market: Boston, MA
The buyer's representative for this transaction was Matthew Petty from FRAME Residential. The seller's representative was The Residential Group from William Raveis Real Estate - Boston - South End.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$276,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,385.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,532.14
Annual Debt Service$294,385.68
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