Boston Trust Realty Group Acquires Multifamily Property On 6 King St For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily6,613 SF
Sold 09/02/2021
SOLD
Boston Trust Realty Group Acquires Multifamily Property On 6 King St For $1.25M
6 King St, Boston, MA, USA
See Similar DealsMultiFamily6,613 SF
Sold 09/02/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$189
Total Square Footage:6,613 SF
Transaction Type:Sale
A multifamily property located at 6 King St in Boston, MA has been sold for a price of $1,250,000. The property consists of 2 units, with a price per unit of $625,000. It spans a total area of 6,613 square feet, resulting in a price per square foot of $189.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 2
- Price per Unit: $625,000
- Square Footage: 6,613
- Price per Square Foot: $189
The sale of this property was facilitated by Markese Daise from Boston Trust Realty Group. As the broker representing the deal, Markese played a crucial role in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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