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576 River Street, Boston, M...

Jeff Ravelo & Daniel Jeannite Of MIG Realty Acquire Multifamily Property In Boston, MA For $1.24M
SOLDMultiFamily

Jeff Ravelo & Daniel Jeannite Of MIG Realty Acquire Multifamily Property In Boston, MA For $1.24M

576 River Street, Boston, Massachusetts 02126, United States

$1,240,000

$196/SF

Building Size

6,314 SF

Asset Type

MultiFamily

Closing

Jun 30, 2022

AI

The multifamily property located at 576-578 River St in Boston, MA was recently sold. The sale was facilitated by Jeff Ravelo from MIG Realty and Daniel Jeannite from Boston Trust Realty Group. The transaction was completed on 07/01/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $1,240,000
  • Units: 4
  • Price Per Unit: $310,000
  • Square Footage: 6,314
  • Price Per Square Foot: $196
  • Address: 576-578 River St, Boston, MA
  • Market: Boston, MA

The sale price for the property was $1,240,000, with each of the 4 units being sold for approximately $310,000. The total square footage of the property is 6,314, resulting in a price per square foot of $196. The property is situated on River St in Boston, MA. It is worth noting that the sale was facilitated by Jeff Ravelo from MIG Realty and Daniel Jeannite from Boston Trust Realty Group.

Players

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 deals

Broker

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

12.79%

Cash-on-Cash

-3.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93