Aranson Maguire Group Acquires Boston Multifamily For $1.55M
SOLD
Massachusetts
See Similar DealsMultiFamily4,410 SF
Sold 01/19/2022
SOLD
Aranson Maguire Group Acquires Boston Multifamily For $1.55M
60 Lithgow Street, Dorchester, Massachusetts 02124, United States
See Similar DealsMultiFamily4,410 SF
Sold 01/19/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$351
Total Square Footage:4,410 SF
Transaction Type:Sale
A multifamily property located at 60 Lithgow St in Boston, MA was recently sold for $1,550,000. The property spans 4,410 square feet, resulting in a price per square foot of $351. The sale took place on January 19, 2022. The transaction was facilitated by Aranson Maguire Group from Compass.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Square Footage: 4,410
- Price per Square Foot: $351
- Address: 60 Lithgow St, Boston, MA
- Market: Boston, MA
Matt Aranson and Sarah Maguire from Aranson Maguire Group at Compass represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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