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54 Burbank Street, Boston, ...

Kerry D'ambroise And Jeff Hamilton Acquire Multifamily Property In Boston For $2.76M
SOLDMultiFamily

Kerry D'ambroise And Jeff Hamilton Acquire Multifamily Property In Boston For $2.76M

54 Burbank Street, Boston, Massachusetts 02115, United States

$2,760,000

$939/SF

Building Size

2,937 SF

Asset Type

MultiFamily

Closing

Oct 20, 2022

AI

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.

Players

Jeff Hamilton

Columbus & Over Group

Broker

$11.9M

vol

3 deals

Broker

Boston 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

5.75%

Cash-on-Cash

-1.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93