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
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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