Jeff Groper & Radhy Pena Facilitate $1.165M Boston Multifamily Sale
50-52 Julian Street
$1,165,000
$258/SF
Building Size
4,499 SF
Asset Type
MultiFamily
Closing
Jun 5, 2024
AI
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:
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Units: 3
- Price Per Unit: $388,333
- Square Footage: 4,499
- Price Per Square Foot: $259
- Address: 50-52 Julian Street, Boston, MA
- Market: Boston, MA
- Buyer's Rep: Jeff Groper - Coldwell Banker
- Seller's Rep: Radhy Pena - Pondside Realty
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
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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93