MIG Acquires Multifamily Property On Norfolk Street, Boston For $770K
541 Norfolk Street, Boston, Massachusetts 02126, United States
$770,000
$237/SF
Building Size
3,240 SF
Asset Type
MultiFamily
Closing
Oct 26, 2022
AI
The multifamily property located at 541 Norfolk Street in Boston, MA has been sold. The sale was facilitated by brokers Jeff Ravelo and Robert Nichols of MIG. The transaction took place on October 27, 2022. The property consists of 3 units, with a total square footage of 3,240. The sale price for the property was $770,000, resulting in a price per unit of $256,667 and a price per square foot of $238.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $770,000
- Address: 541 Norfolk Street, Boston, MA
- Market: Boston, MA
- Brokers: Jeff Ravelo - MIG, Robert Nichols - MIG
- Units: 3
- Price per Unit: $256,667
- Total Square Footage: 3,240
- Price per Square Foot: $238
The sale of the property at 541 Norfolk Street was a successful transaction facilitated by Jeff Ravelo and Robert Nichols of MIG. The property offers 3 units with a total of 3,240 square footage. The sale price for the property was $770,000, resulting in a price per unit of $256,667 and a price per square foot of $238.
Players
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
20.60%
Cash-on-Cash
-5.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93