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64 L St, Boston, MA, USA

Douglas Elliman Real Estate's Mike O’Connor Acquires Boston Multifamily For $1.21M
SOLDMultiFamily

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

John Flaherty

JLL

Broker

$797.1M

vol

56 deals

Broker

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