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44 Nonantum Street

Two-Family Home In Boston's Oak Square Sells For $1.225M
SOLDMultiFamily

Two-Family Home In Boston's Oak Square Sells For $1.225M

44 Nonantum Street

$1,225,000

$412/SF

Building Size

2,970 SF

Asset Type

MultiFamily

Closing

May 1, 2024

AI

A two-family home at 44 Nonantum St, Boston sold for $1,225,000. The 2,970 sq ft property in Oak Square features 5 beds, 3 baths, multiple decks, updated kitchens, and has a good rental history with potential for increased rents.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,225,000
  • Units: 2
  • Price Per Unit: $612,500
  • Square Footage: 2,970
  • Price Per Square Foot: $412
  • Address: 44 Nonantum Street
  • Market: Boston, MA

The buyer in this transaction was represented by the Kiley Brock Team of Compass, while the seller was represented by Edward Lyon of Preservation Properties.

Players

Edward Lyon

Preservation Properties

Broker

$5.9M

vol

4 deals

Broker

Brighton 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

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93