MB Associates Acquires Multifamily Property In Boston, MA For $1.2M
59 Goodenough Street, Brighton, Massachusetts 02135, United States
$1,209,000
$449/SF
Building Size
2,688 SF
Asset Type
MultiFamily
Closing
Apr 25, 2022
AI
The multifamily property located at 59 Goodenough St in Boston, MA has been sold. The transaction took place on 04/26/2022 under the representation of Matt Gorman from Edge Realty Advisors, LLC. The property was bought for a total price of $1,209,000, with a size of 2,688 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,209,000
- Date: 04/26/2022
- Address: 59 Goodenough St, Boston, MA
- Market: Boston, MA
- Buyer's Rep: MB Associates - Coldwell Banker Realty - Newton
- Seller's Rep: Matt Gorman - Edge Realty Advisors, LLC
The successful sale of the multifamily property was facilitated by MB Associates from Coldwell Banker Realty - Newton, acting as the buyer's representative. The property was listed and represented by Matt Gorman from Edge Realty Advisors, LLC, who achieved the sale price of $1,209,000 at a rate of $450 per square foot.
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
13.12%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93