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505-507 Talbot Avenue, Bost...

Anne Galvin & Craig Galvin Acquire Multifamily Property On Talbot Avenue In Boston For $1.45M
SOLDMultiFamily

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

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.

Players

Chris Remmes

Remmes & Co

Broker

$4.5M

vol

3 deals

Broker

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