Nasim Kamal Acquires Multifamily Property In East Boston, MA For $1.18M
SOLD
$1,180,000
Massachusetts
See Similar DealsMultiFamily3,298 SF
Sold 02/10/2021
SOLD
Nasim Kamal Acquires Multifamily Property In East Boston, MA For $1.18M
444 Sumner Street, East Boston, Boston, MA, USA
See Similar DealsMultiFamily3,298 SF
Sold 02/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$357
Total Square Footage:3,298 SF
Transaction Type:Sale
The multifamily property located at 444 Sumner Street in East Boston, MA has been sold in a closed transaction. The property spans a total area of 3,298 square feet and was sold for a price of $1,180,000. This translates to a price per square foot of $358.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Address: 444 Sumner Street, East Boston, MA
- Market: East Boston, MA
- Seller: Jose A. Callejas
- Buyer: Nasim Kamal
The seller, Jose A. Callejas, and the buyer, Nasim Kamal, were the key individuals involved in this transaction. No additional details about the deal are available.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,192.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,593.80
Annual Debt Service$67,125.62
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