Gibson Sotheby's ResCo Team Acquires Multifamily Property In Boston For $1.26M
SOLD
$1,265,000
Massachusetts
See Similar DealsMultiFamily2,793 SF
Sold 06/25/2020
SOLD
Gibson Sotheby's ResCo Team Acquires Multifamily Property In Boston For $1.26M
55 Lyndhurst Street, Boston, Dorchester Center, Massachusetts, USA
See Similar DealsMultiFamily2,793 SF
Sold 06/25/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$452
Total Square Footage:2,793 SF
Transaction Type:Sale
A multifamily property located at 55 Lyndhurst St in Boston, MA was recently sold for $1,265,000. The transaction took place on 06/25/2021 and the property spans 2,793 square feet, resulting in a price per square foot of $453.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,265,000
- Date: 06/25/2021
- Address: 55 Lyndhurst St, Boston, MA
- Market: Boston, MA
- Seller's Representative: Curtis Howe - Howe Realty Group
- Buyer's Representative: ResCo Team - Gibson Sotheby's International Realty
The sale of the property was facilitated by Curtis Howe from Howe Realty Group, representing the seller, and the ResCo Team from Gibson Sotheby's International Realty, representing the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,494.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,996.75
Annual Debt Service$71,960.94
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