Boston Multifamily Sells For $1.36M On Crescent Ave Featuring 3 Units
SOLD
$1,360,000
Massachusetts
See Similar DealsMultiFamily3,478 SF
Sold 02/10/2022
SOLD
Boston Multifamily Sells For $1.36M On Crescent Ave Featuring 3 Units
61 Crescent Ave, Dorchester, Massachusetts 02125, United States
See Similar DealsMultiFamily3,478 SF
Sold 02/10/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:3,478 SF
Transaction Type:Sale
A multifamily property located at 61 Crescent Ave in Boston, MA has been sold for a total price of $1,360,000. The property consists of 3 units, with each unit having an estimated price per unit of $453,333. The total square footage of the property is 3,478, resulting in a price per square foot of $391.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,360,000
- Address: 61 Crescent Ave
- Market: Boston, MA
The sale was facilitated by broker Esin Susol from Castles Unlimited. Esin Susol represented the seller/buyer/landlord/tenant in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,831.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,447.09
Annual Debt Service$77,365.13
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