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
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