Updated Oct 28, 2024
Robert V. Wallace Jr Acquires Multifamily Property In Mattapan, MA For $6.96M
572 Cummins Hwy, Mattapan, MA, USA
$6,963,000
$484/SF
Building Size
14,384 SF
Asset Type
MultiFamily
Closing
Jul 13, 2021
About this deal
AI
The multifamily property located at 572 Cummins Hwy in Mattapan, MA has been sold. The transaction took place on July 14, 2021. The property, owned by 572-580 Cummins Hwy Llc, was purchased by Robert V. Wallace Jr for a total sale price of $6,963,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,963,000
- Address: 572 Cummins Hwy, Mattapan, MA
- Market: Mattapan, MA
- Square Footage: 14,384 SF
- Price per Square Foot: $484
- Number of Units: 16
- Price per Unit: $435,188
Robert V. Wallace Jr was represented by his broker in this transaction.
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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93