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50 Crescent Avenue

Lior Rozhansky Acquires Multifamily Property In Boston With Seller's Rep Alp Kantar
SOLDMultiFamily

Lior Rozhansky Acquires Multifamily Property In Boston With Seller's Rep Alp Kantar

50 Crescent Avenue

$1,230,000

$370/SF

Building Size

3,321 SF

Asset Type

MultiFamily

Closing

Jun 12, 2024

AI

Located at 50 Crescent Avenue in Boston, MA, this multifamily property was sold for $1,230,000. The three-decker consists of 11 beds and 3 baths spread across 3,321 sq ft. Situated in Boston’s Savin Hill neighborhood, this property presents a lucrative investment opportunity due to its convenient access to the UMass/JFK train station and the Southeast Expressway.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,230,000
  • SF: 3,321
  • PPSF: $370
  • Address: 50 Crescent Avenue
  • Market: Boston, MA

The buyer, Lior Rozhansky from Keller Williams, represented the purchasing party in this transaction, while the seller was represented by Alp Kantar from Boston Brokerage Group.

Players

Alp Kantar

Boston Brokerage Group

Broker

$28.7M

vol

13 deals

Broker

Dorchester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.90%

Cash-on-Cash

-3.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93