Douglas Elliman Real Estate's Mike O’Connor Acquires Boston Multifamily For $1.21M
64 L St, Boston, MA, USA
$1,210,000
$432/SF
Building Size
2,800 SF
Asset Type
MultiFamily
Closing
May 28, 2021
AI
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
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93