Updated Sep 9, 2024
Anne Galvin & Craig Galvin Acquire Multifamily Property On Talbot Avenue In Boston For $1.45M
505-507 Talbot Avenue, Boston, Massachusetts, USA
$1,450,000
$336/SF
Building Size
4,308 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
About this deal
AI
A multifamily property located at 505-507 Talbot Avenue in Boston, MA was recently sold for $1,450,000. The property spans 4,308 square feet, resulting in a price per square foot of $337.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
The seller's representative in this transaction was Chris Remmes from Coldwell Banker Realty - South End. The buyer's representatives were Anne Galvin and Craig Galvin from The Galvin Group, LLC.
The multifamily sale at 505-507 Talbot Avenue, Boston, Massachusetts, USA in Boston, Massachusetts sold for $1.5M in 2021. The building is 4,308 square feet, implying about 336 per square foot on the published price. Craig Galvin, Anne Galvin, Chris Remmes, Coldwell Banker appear on the sale alongside Coldwell Banker, Remmes & Co. This page is the Boston, Massachusetts file for the 505-507 Talbot Avenue, Boston, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else sold near 505-507 Talbot Avenue, Boston, Massachusetts, USA around 2021. Published consideration for 505-507 Talbot Avenue, Boston, Massachusetts, USA is $1.5M, dated 2021. Cite this Anne Galvin & Craig Galvin Acquire Multifamily Property On Talbot Avenue In Boston For $1.45M sale when underwriting similar multifamily product around Boston, Massachusetts.
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Boston 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93