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571 Norfolk Street

Boston Trust Realty Group Acquires Multi-Family Property On Norfolk St For $1.025M
SOLDMultiFamily

Boston Trust Realty Group Acquires Multi-Family Property On Norfolk St For $1.025M

571 Norfolk Street

$1,025,000

$222/SF

Building Size

4,602 SF

Asset Type

MultiFamily

Closing

Aug 30, 2022

AI

Located at 571 Norfolk St in Boston, MA, this multi-family property recently sold for $1,025,000. The property consists of 3 units and offers a price per unit of $341,667. With a total area of 4,602 square feet, the property has a price per square foot of $223.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $1,025,000
  • Units: 3
  • Price per Unit: $341,667
  • Square Footage: 4,602
  • Price per Square Foot: $223
  • Address: 571 Norfolk St, Boston, MA
  • Market: Boston, MA

Handling the transaction were Robert Nichols and Daniel Jeannite from Boston Trust Realty Group.

Players

Daniel Jeannite

Boston Trust Realty Group

Broker

$13.5M

vol

13 deals

Broker

Holliston 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

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93