Updated Dec 21, 2023
Hongmei Wang & Alex Zhang Acquire Multifamily Property In Roxbury, MA For $1.175M
57 Fort Ave, Roxbury, Boston, MA, USA
$1,175,000
$363/SF
Building Size
3,235 SF
Asset Type
MultiFamily
Closing
Aug 30, 2021
About this deal
AI
Located at 57 Fort Ave in Roxbury, MA, this multifamily property recently changed hands in a sale transaction. The property comprises two units, with a total square footage of 3,235. The sale price for this transaction was $1,175,000, resulting in a price per unit of $587,500 and a price per square foot of $363.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 57 Fort Ave, Roxbury, MA
- Market: Roxbury, MA
- Buyer: Hongmei Wang & Alex Zhang
- Seller: Richard P. Bingaman
The buyers, Hongmei Wang & Alex Zhang, acquired the property from Richard P. Bingaman. No additional information regarding the deal's key individuals or accompanying companies was provided.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93