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51 Lexington Street, Boston...

Anderson Almeida Acquires Multifamily Property For $730,000 On Lexington Street, Boston
SOLDMultiFamily

Anderson Almeida Acquires Multifamily Property For $730,000 On Lexington Street, Boston

51 Lexington Street, Boston, Massachusetts, USA

$730,000

$357/SF

Building Size

2,042 SF

Asset Type

MultiFamily

Closing

Aug 9, 2020

AI

The multifamily property located at 51 Lexington Street in Boston, MA has been sold in a recent transaction. The property spans 2,042 square feet and consists of 3 units. The sale price for this transaction was $730,000, resulting in a price per square foot of $357. The seller, Jorge Rodriguez, and the buyer, Anderson Almeida, have successfully completed the sale.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $730,000
  • Address: 51 Lexington Street, Boston, MA
  • Market: Boston, MA
  • Seller: Jorge Rodriguez
  • Buyer: Anderson Almeida
  • Seller's Representative: Mike O'Connor - Douglas Elliman Real Estate
  • Buyer's Representative: Brian Rivas
  • Asking Price: $750,000
  • Square Footage: 2,042
  • Price per Square Foot: $357
  • Number of Units: 3
  • Price per Unit: $243,333

Mike O'Connor from Douglas Elliman Real Estate represented Jorge Rodriguez as the seller's representative in the transaction, while Brian Rivas served as the buyer's representative for Anderson Almeida. This successful sale represents a significant milestone in the Boston multifamily real estate market.

Players

Michael Connor

Broker

$1.9M

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

21.73%

Cash-on-Cash

-6.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93