Updated Dec 21, 2023
Redfin Corp Acquires Multifamily Property In Boston, MA For $1.05M
51-53 Forbes St, Boston, MA, USA
$1,050,000
$263/SF
Building Size
3,986 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
About this deal
AI
The multifamily property located at 51-53 Forbes St in Boston, MA has been sold for a price of $1,050,000. The property spans 3,986 square feet with a price per square foot of $263.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Date: 09/10/2021
- Address: 51-53 Forbes St
- Market: Boston, MA
The buyer's representative in the deal was Michael Gavrilles from Redfin Corp, while the seller's representative was Michaela Hellman from RE/MAX Unlimited.
The multifamily sale at 51-53 Forbes St, Boston, MA, USA in Boston, Massachusetts sold for $1.1M in 2021. The building is 3,986 square feet, implying about 263 per square foot on the published price. Michael Gavrilles, Michaela Hellman, Re/Max appear on the sale alongside Re/Max. This page is the Boston, Massachusetts file for the 51-53 Forbes St, Boston, MA, 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 51-53 Forbes St, Boston, MA, USA around 2021. Published consideration for 51-53 Forbes St, Boston, MA, USA is $1.1M, dated 2021. Cite this Redfin Corp Acquires Multifamily Property In Boston, MA For $1.05M sale when underwriting similar multifamily product around Boston, Massachusetts.
Boston MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93