Sammy Chen Acquires Multifamily Property In Braintree, Massachusetts For $1.07M
SOLD
$1,070,000
Massachusetts
See Similar DealsMultiFamily3,016 SF
Sold 01/03/2022
SOLD
Sammy Chen Acquires Multifamily Property In Braintree, Massachusetts For $1.07M
60 Franklin Street, Braintree, Massachusetts 02184, United States
See Similar DealsMultiFamily3,016 SF
Sold 01/03/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$354
Total Square Footage:3,016 SF
Transaction Type:Sale
The multifamily property located at 58-60 Franklin St in Braintree, MA has recently been sold for a total price of $1,070,000. The transaction took place on January 3, 2022. The property spans an area of 3,016 square feet, resulting in a price per square foot of $355.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,070,000
- Address: 58-60 Franklin St, Braintree, MA
- Market: Braintree, MA
Sammy Chen from Denkar Realty Group represented the buyer in this transaction, while James O'Brien from Olde Towne Real Estate Co. represented the seller.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,801.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,072.35
Annual Debt Service$60,868.15
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