Boston Bayside Properties, LLC Acquires Multifamily Property For $1.16M With Buyer's Rep James Harrison & Seller's Rep Leo Cronin
SOLD
$1,165,000
Massachusetts
See Similar DealsMultiFamily3,456 SF
Sold 07/14/2020
SOLD
Boston Bayside Properties, LLC Acquires Multifamily Property For $1.16M With Buyer's Rep James Harrison & Seller's Rep Leo Cronin
49 Milwood Street, Dorchester Center, MA 02124
See Similar DealsMultiFamily3,456 SF
Sold 07/14/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$337
Total Square Footage:3,456 SF
Transaction Type:Sale
The multifamily property located at 49 Milwood St. in Boston, MA was recently sold for a price of $1,165,000. The property spans across 3,456 square feet, resulting in a price per square foot of $337.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- SF: 3,456
- PPSF: $337
- Seller's Representative: Leo Cronin - Cronin Real Estate
- Buyer's Representative: James Harrison - Boston Bayside Properties, LLC
The sale of this multifamily property was facilitated by Leo Cronin from Cronin Real Estate, representing the seller, and James Harrison from Boston Bayside Properties, LLC, representing the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,139.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,522.69
Annual Debt Service$66,272.33
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