MIG Realty Acquires Multifamily Property On Alpha Road In Boston For $1.01M
SOLD
$1,007,500
Massachusetts
See Similar DealsMultiFamily4,401 SF
Sold 09/12/2022
SOLD
MIG Realty Acquires Multifamily Property On Alpha Road In Boston For $1.01M
54 Alpha Road
See Similar DealsMultiFamily4,401 SF
Sold 09/12/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:4,401 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,579.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,776.06
Annual Debt Service$57,312.77
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