MIG Realty Acquires Multifamily Property On Alpha Road In Boston For $1.01M
54 Alpha Road
$1,007,500
$228/SF
Building Size
4,401 SF
Asset Type
MultiFamily
Closing
Sep 12, 2022
AI
The asset involved in the transaction is a multifamily property located at 54 Alpha Road in Boston, MA. The sale price for this property was $1,007,500. It comprises 3 units and has a total square footage of 4,401, resulting in a price per unit of $335,833 and a price per square foot of $229.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,007,500
- Units: 3
- Square Footage: 4,401
- Price Per Unit: $335,833
- Price Per Square Foot: $229
The deal was facilitated by brokers Hakim Sadler and Jeff Ravelo who represented the involved parties. The transaction was completed on 09/12/2022.
Players
Cambridgeshire 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
15.74%
Cash-on-Cash
-4.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93