Updated Oct 28, 2024
Caspian Real Estate LLC Acquires Multifamily Property In Boston, MA For $1.5M
64 Surrey Street, Brighton, Massachusetts 02135, United States
$1,500,000
$395/SF
Building Size
3,790 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
Located at 64 Surrey St in Boston, MA, this multifamily property was recently sold in a closed transaction. With a sale date of June 17, 2022, the property was acquired by Caspian Real Estate LLC for a total price of $1,500,000. The seller in this transaction was The Carlson Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 64 Surrey St, Boston, MA
- Market: Boston, MA
The buyer's representative in this deal was Jackson Wells of Caspian Real Estate LLC, while the seller was represented by Ryan Quinn of The Carlson Group. The property consists of 3 units, with a price per unit of $500,000. It spans across a total area of 3,790 square feet, resulting in a price per square foot of $396.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93