Anne Galvin & Craig Galvin Acquire Multifamily Property On Talbot Avenue In Boston For $1.45M
SOLD
Massachusetts
See Similar DealsMultiFamily4,308 SF
Sold 01/29/2021
SOLD
Anne Galvin & Craig Galvin Acquire Multifamily Property On Talbot Avenue In Boston For $1.45M
505-507 Talbot Avenue, Boston, Massachusetts, USA
See Similar DealsMultiFamily4,308 SF
Sold 01/29/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$336
Total Square Footage:4,308 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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