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63 Bakersfield Street

Multifamily Property At 63 Bakersfield Street Sold For $1.25M In Boston By Jamie Iacoi & Diane Raeder
SOLDMultiFamily

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:

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

Jamie Iacoi

Great Spaces Era

Broker

$2.5M

vol

2 deals

Broker

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