MIG Realty Brokers Sell Multifamily Property In Boston, MA For $1.175M
SOLD
$1,175,000
Massachusetts
See Similar DealsMultiFamily4,772 SF
Sold 11/18/2022
SOLD
MIG Realty Brokers Sell Multifamily Property In Boston, MA For $1.175M
6 Cardington Street
See Similar DealsMultiFamily4,772 SF
Sold 11/18/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$246
Total Square Footage:4,772 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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