Updated Sep 9, 2024
Boston Realty Advisors Sells Multifamily Property On Massachusetts Ave For $2.2M
507 Massachusetts Ave,Boston, MA
$2,200,000
$389/SF
Building Size
5,643 SF
Asset Type
MultiFamily
Closing
Mar 2, 2023
About this deal
AI
A multifamily property located at 507 Massachusetts Ave in Boston, MA has been sold for $2,200,000. The property spans across a total area of 5,643 square feet, with a price per square foot of $390. The sale was facilitated by broker Kevin Benzinger from Boston Realty Advisors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 507 Massachusetts Ave, Boston, MA
- Square Footage: 5,643
- Price per Square Foot: $390
- Broker: Kevin Benzinger - Boston Realty Advisors
Kevin Benzinger from Boston Realty Advisors played a crucial role as the broker in this sale transaction. He facilitated the negotiation and finalized the deal on behalf of the buyer and seller. The sale of this multifamily property represents a significant investment opportunity in the Boston market.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93