Jeff Ravelo & Daniel Jeannite Of MIG Realty Acquire Multifamily Property In Boston, MA For $1.24M
SOLD
$1,240,000
Massachusetts
See Similar DealsMultiFamily6,314 SF
Sold 07/01/2022
SOLD
Jeff Ravelo & Daniel Jeannite Of MIG Realty Acquire Multifamily Property In Boston, MA For $1.24M
576 River Street, Boston, Massachusetts 02126, United States
See Similar DealsMultiFamily6,314 SF
Sold 07/01/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$196
Total Square Footage:6,314 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,405.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,878.23
Annual Debt Service$70,538.79
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