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58 Bartlett St, Boston, MA ...

Hakim Sadler & Jeff Ravelo Of MIG Realty Sell Boston Multifamily For $1.57M
SOLDMultiFamily

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

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 deals

Broker
Boston Trust Realty Group
Boston Trust Realty GroupBrokerage

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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