Kerry D'ambroise And Jeff Hamilton Acquire Multifamily Property In Boston For $2.76M
SOLD
$2,760,000
Massachusetts
See Similar DealsMultiFamily2,937 SF
Sold 10/21/2022
SOLD
Kerry D'ambroise And Jeff Hamilton Acquire Multifamily Property In Boston For $2.76M
54 Burbank Street, Boston, Massachusetts 02115, United States
See Similar DealsMultiFamily2,937 SF
Sold 10/21/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$939
Total Square Footage:2,937 SF
Transaction Type:Sale
Located at 54 Burbank St in Boston, MA, this multifamily property was recently sold in a closed transaction. The sale was represented by Kerry D'ambroise and Jeff Hamilton from Columbus & Over Group, Llc. The property spans a total of 2,937 square feet and was sold for a price of $2,760,000. With a price per square foot of $940, this multifamily asset offers a lucrative investment opportunity in the Boston market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,760,000
- Square Footage: 2,937
- Price per Square Foot: $940
- Address: 54 Burbank St, Boston, MA
- Market: Boston, MA
Kerry D'ambroise and Jeff Hamilton from Columbus & Over Group, Llc played a key role as the brokers representing the transaction. Their expertise and negotiation skills contributed to the successful sale of the multifamily property. This transaction exemplifies the thriving real estate market in Boston and the lucrative opportunities for investors in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$147,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,805.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,083.81
Annual Debt Service$157,005.70
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