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59 Goodenough Street, Brigh...

MB Associates Acquires Multifamily Property In Boston, MA For $1.2M
SOLDMultiFamily

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

Matt Gorman

Edge Realty Advisors

Broker

$6.5M

vol

4 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

13.12%

Cash-on-Cash

-3.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93