Hakim Sadler & Jeff Ravelo Of MIG Realty Sell Boston Multifamily For $1.57M
58 Bartlett St, Boston, MA 02129
$1,570,000
$427/SF
Building Size
3,671 SF
Asset Type
MultiFamily
Closing
May 23, 2022
AI
A multifamily property located at 56 Bartlett St & 58-60 Bartlett St in Boston, MA has been sold. The sale took place on 05/24/2022 and was facilitated by Hakim Sadler and Jeff Ravelo of MIG Realty. The property consists of 6 units with a total square footage of 3,671. The sale price for the property was $1,570,000, resulting in a price per unit of $261,667 and a price per square foot of $428.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,570,000
- Address: 56 Bartlett St & 58-60 Bartlett St
- Market: Boston, MA
- Brokers: Hakim Sadler & Jeff Ravelo - MIG Realty
- Units: 6
- Price per Unit: $261,667
- Square Footage: 3,671
- Price per Square Foot: $428
The sale of this multifamily property in Boston highlights the successful transaction accomplished by Hakim Sadler and Jeff Ravelo of MIG Realty. Their expertise and professional representation contributed to achieving the sale price of $1,570,000. The property encompasses 6 units and offers a total of 3,671 square feet of living space. The price per unit for this transaction amounted to $261,667, while the price per square foot reached $428.
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
10.10%
Cash-on-Cash
-2.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93