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
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93