facebook
Traded Co logo
Submit
Daily limit: 0/10

Kristi Gjikondi & Thomas McFarland Facilitate $1.6M Sale Of Boston Multifamily

Property Image
SOLD
$1,600,000

Massachusetts

See Similar Deals
MultiFamily9,684 SF
Sold 04/19/2024
the dealplayerscompscontact
Property Image
SOLD

Kristi Gjikondi & Thomas McFarland Facilitate $1.6M Sale Of Boston Multifamily

46 Saxton Street & 48 Saxton Street

See Similar Deals
MultiFamily9,684 SF
Sold 04/19/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$165
Total Square Footage:9,684 SF
Transaction Type:Sale

Located in Boston's Savin Hill area, two adjacent 3-family homes were recently sold as a package for a total of $1.6 million. These homes present a potential opportunity for modernization and investment, offering separate deeds and utilities. Positioned conveniently near public transit, amenities, and downtown Boston, these units provide a promising investment prospect.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Units: 6
  • Price Per Unit: $266,667
  • Square Footage: 4,842
  • Price Per Square Foot: $330
  • Address: 46-48 Saxton Street, Boston, MA
  • Market: Boston, MA

Kristi Gjikondi of Gjikondi Realty represented the buyer in this transaction, while the seller was represented by Thomas McFarland of Re/Max. The involvement of these two real estate professionals facilitated the successful sale of these properties in the Savin Hill neighborhood, showcasing their expertise in the local Boston real estate market.

Players

Thomas "Tom" McFarland
5 deals$7.5M volume
BROKER

Kristi Gjikondi
Gjikondi Realty
3 deals$3.9M volume
BROKER

Details

SOLD
IMAGE: Thomas McFarland & Kristi Gjikondi DATE: 04/19/2024 ADDRESS: 46-48 Saxton Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Kristi Gjikondi - Gjikondi Realty SELLER'S REP: Thomas McFarland - Re/Max (@Remax) SALE PRICE: $1,600,000 UNITS: 6 ~ PPU: $266,667 SF: 4,842 ~ PPSF: $330 NOTE: Two adjacent 3-family homes in Boston's Savin Hill area sold as a package for $1.6 million. With separate deeds and utilities, these units offer potential for modernization and investment, located conveniently near public transit, amenities, and downtown Boston.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80