Updated Sep 9, 2024
Gibson Sotheby's ResCo Team Acquires Multifamily Property In Boston For $1.26M
55 Lyndhurst Street, Boston, Dorchester Center, Massachusetts, USA
$1,265,000
$452/SF
Building Size
2,793 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
About this deal
AI
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.
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
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93