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Jeff Groper & Radhy Pena Facilitate $1.165M Boston Multifamily Sale

Property Image
SOLD
$1,165,000

Massachusetts

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MultiFamily4,499 SF
Sold 06/05/2024
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Property Image
SOLD

Jeff Groper & Radhy Pena Facilitate $1.165M Boston Multifamily Sale

50-52 Julian Street

See Similar Deals
MultiFamily4,499 SF
Sold 06/05/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$258
Total Square Footage:4,499 SF
Transaction Type:Sale

A sizable Roxbury 3 Decker in Boston, MA, boasting three four-bedroom units with hardwood floors and updated kitchens, sold for $1,165,000. Situated close to parks and highways, the property offers potential for multi-family buyers, with tenants currently paying below market rent, presenting an investment opportunity in the growing Roxbury area.

Summary of transaction details:

Jeff Groper represented the buyer for the transaction, while Radhy Pena served as the seller's representative, facilitating the sale of the multifamily property in Roxbury. Both Coldwell Banker and Pondside Realty played essential roles in ensuring a successful deal for their respective clients.

Players

Radhy Pena
6 deals$8.4M volume
BROKER

Jeff Groper
Coldwell Banker
1 deal$1.2M volume(617) 240-8000
BROKER

Details

SOLD
IMAGE: Ron Resha & Radhy Pena DATE: 06/05/2024 ADDRESS: 50-52 Julian Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Ron Resha - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Radhy Pena - Pondside Realty (@PondsideRealty) SALE PRICE: $1,165,000 UNITS: 3 ~ PPU: $388,333 SF: 4,499 ~ PPSF: $259 NOTE: A sizable Roxbury 3 Decker in Boston, MA, boasting three four-bedroom units with hardwood floors and updated kitchens, sold for $1,165,000. Situated close to parks and highways, the property offers potential for multi-family buyers, with tenants currently paying below market rent, presenting an investment opportunity in the growing Roxbury area.

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Deal Type
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