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
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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