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54 Alpha Road

MIG Realty Acquires Multifamily Property On Alpha Road In Boston For $1.01M
SOLDMultiFamily

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

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 deals

Broker

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