Douglas Elliman Real Estate's Mike O’Connor Acquires Boston Multifamily For $1.21M
SOLD
$1,210,000
Massachusetts
See Similar DealsMultiFamily2,800 SF
Sold 05/28/2021
SOLD
Douglas Elliman Real Estate's Mike O’Connor Acquires Boston Multifamily For $1.21M
64 L St, Boston, MA, USA
See Similar DealsMultiFamily2,800 SF
Sold 05/28/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$432
Total Square Footage:2,800 SF
Transaction Type:Sale
A multifamily property located at 64 L St in Boston, MA was recently sold. The transaction took place on May 28, 2021. The property, with a total square footage of 2,800, was sold for $1,210,000, resulting in a price per square foot of $432.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,210,000
- Address: 64 L St, Boston, MA
- Market: Boston, MA
John Flaherty from Olde Towne Real Estate Co. represented the seller, while Mike O’Connor from The Sarkis Team - Douglas Elliman Real Estate represented the buyer in this transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,298.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,736.02
Annual Debt Service$68,832.21
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