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
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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