Ellis Realty Advisors Facilitates $2.6M Sale Of Multifamily Property In Boston, MA
SOLD
$2,600,000
Massachusetts
See Similar DealsMultiFamily7,981 SF
Sold 12/17/2022
SOLD
Ellis Realty Advisors Facilitates $2.6M Sale Of Multifamily Property In Boston, MA
6 Rosemary Street, Boston, Massachusetts 02130, United States
See Similar DealsMultiFamily7,981 SF
Sold 12/17/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$325
Total Square Footage:7,981 SF
Transaction Type:Sale
Located in Boston, MA, the multifamily property at 6 Rosemary St has recently been sold. The transaction took place on 12/17/2021, with a sale price of $2,600,000. With a total area of 7,981 square feet, the property is valued at $326 per square foot.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 6 Rosemary St
- Market: Boston, MA
Colin Moynihan of Ellis Realty Advisors represented the parties involved in the sale as the broker. The deal was successfully facilitated by Colin Moynihan, bringing together the buyer and the seller for an efficient transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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