facebook
Traded Co logo
Submit

MIG Acquires Multifamily Property On Norfolk Street, Boston For $770K

Property Image
SOLD
$770,000

Massachusetts

See Similar Deals
MultiFamily3,240 SF
Sold 10/27/2022
the dealplayerscompscontact
Property Image
SOLD

MIG Acquires Multifamily Property On Norfolk Street, Boston For $770K

541 Norfolk Street, Boston, Massachusetts 02126, United States

See Similar Deals
MultiFamily3,240 SF
Sold 10/27/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:3,240 SF
Transaction Type:Sale

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

Jeff Ravelo
16 deals$26.1M volume
BROKER

Robert Nichols
MIG Realty
44 deals$69M volume
BROKER

Details

SOLD
IMAGE: Robert Nichols & Jeff Ravelo DATE: 10/27/2022 ADDRESS: 541 Norfolk Street MARKET: Boston, MA ASSET TYPE: Multifamily BROKERS: Jeff Ravelo (@Jeff.Ravelo) & Robert Nichols (@RobertlNichols) - MIG (@migrealty) SALE PRICE: $770,000 UNITS: 3 ~ PPU: $256,667 SF: 3,240 ~ PPSF: $238

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$41,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,735.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,650.19
Annual Debt Service$43,802.31