Boston Trust Realty Group Acquires Multi-Family Property On Norfolk St For $1.025M
SOLD
$1,025,000
Massachusetts
See Similar DealsMultiFamily4,602 SF
Sold 08/30/2022
SOLD
Boston Trust Realty Group Acquires Multi-Family Property On Norfolk St For $1.025M
571 Norfolk Street
See Similar DealsMultiFamily4,602 SF
Sold 08/30/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$222
Total Square Footage:4,602 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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