Fairfield Realty Sells Multifamily Property On Columbus Ave In Boston For $4.1M
SOLD
$4,100,000
Massachusetts
See Similar DealsMultiFamily5,816 SF
Sold 09/26/2022
SOLD
Fairfield Realty Sells Multifamily Property On Columbus Ave In Boston For $4.1M
520 Columbus Avenue, Boston, Massachusetts 02118, United States
See Similar DealsMultiFamily5,816 SF
Sold 09/26/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$705
Total Square Footage:5,816 SF
Transaction Type:Sale
A multifamily property located at 520 Columbus Ave in Boston, MA was recently sold for $4,100,000. The property has a total square footage of 5,816 square feet, resulting in a price per square foot of $705.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Address: 520 Columbus Ave, Boston, MA
- Market: Boston, MA
- Broker: Paul Gleason - Fairfield Realty
The sale of this multifamily property was facilitated by Paul Gleason of Fairfield Realty. He represented the buyer or seller in this transaction, ensuring a smooth process for both parties involved.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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