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.
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