Multifamily Property At 63 Bakersfield Street Sold For $1.25M In Boston By Jamie Iacoi & Diane Raeder
63 Bakersfield Street
$1,250,000
$344/SF
Building Size
3,632 SF
Asset Type
MultiFamily
Closing
Aug 15, 2024
AI
A well-maintained two-family home located at 63 Bakersfield Street in Boston, MA, has been sold for $1,250,000. The property encompasses 3,632 square feet of updated living space and includes two units. Each unit is equipped with central AC and separate in-unit washers/dryers, providing convenience to the residents. The home features a private backyard and is situated in the Savin Hill/Uphams Corner neighborhood, which offers close proximity to local amenities and public transit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 2
- Price Per Unit: $625,000
- Square Footage: 3,632
- Price Per Square Foot: $344
- Brokers: Jamie Iacoi & Diane Raeder - Great Spaces Era
- Date of Sale: 08/15/2024
Jamie Iacoi and Diane Raeder represented the sellers in this transaction, facilitating the successful sale of the property. Their roles contributed to the effective management and execution of the deal in the competitive Boston real estate market.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93