Cameron Prestige Acquires Multifamily Property On School St For $1.335M
SOLD
Massachusetts
See Similar DealsMultiFamily3,724 SF
Sold 05/05/2022
SOLD
Cameron Prestige Acquires Multifamily Property On School St For $1.335M
45 School Street, Boston, Massachusetts 02108, United States
See Similar DealsMultiFamily3,724 SF
Sold 05/05/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$358
Total Square Footage:3,724 SF
Transaction Type:Sale
The multifamily property located at 45 School St in Boston, MA was recently sold in a closed transaction on May 5, 2022. The property spans a total area of 3,724 square feet and was sold for a price of $1,335,000, resulting in a price per square foot of $358.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,335,000
- Address: 45 School St, Boston, MA
- Market: Boston, MA
The buyer in the transaction was represented by Khurram Zaheer from Cameron Prestige, LLC. On the other hand, the seller was represented by George Stamatos from Pondside Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$71,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,742.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,328.58
Annual Debt Service$75,942.97
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