SOLDMultiFamily
Greater Investments Sells Multifamily Property On Norfolk St In Boston, MA For $1.15M
447 Norfolk St, Boston, Massachusetts, USA
$1,150,000
$215/SF
Building Size
5,346 SF
Asset Type
MultiFamily
Closing
Aug 23, 2020
AI
A multifamily property located at 447 Norfolk St in Boston, MA was recently sold for $1,150,000. The property spans 5,346 square feet, resulting in a price per square foot of $215.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Square Footage: 5,346
- Price Per Square Foot: $215
The sale was facilitated by Brian Worrell of Greater Investments, who acted as the broker for this transaction.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93