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6 Cardington Street

MIG Realty Brokers Sell Multifamily Property In Boston, MA For $1.175M
SOLDMultiFamily

MIG Realty Brokers Sell Multifamily Property In Boston, MA For $1.175M

6 Cardington Street

$1,175,000

$246/SF

Building Size

4,772 SF

Asset Type

MultiFamily

Closing

Nov 18, 2022

AI

The multifamily property located at 6 Cardington Street in Boston, MA was recently sold in a closed transaction. The property consists of 2 units and spans a total of 4,772 square feet. The sale price for this asset was $1,175,000, with a price per unit of $587,500 and a price per square foot of $246.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,175,000
  • Units: 2
  • Price Per Unit: $587,500
  • Square Footage: 4,772
  • Price Per Square Foot: $246

The sale of 6 Cardington Street was facilitated by brokers Hakim Sadler and Jeff Ravelo from MIG Realty. They played a crucial role in representing the parties involved in this transaction.

Players

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 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

13.50%

Cash-on-Cash

-3.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93