Rooney Real Estate Acquires Multifamily Property In Boston For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily1,680 SF
Sold 04/01/2021
SOLD
Rooney Real Estate Acquires Multifamily Property In Boston For $1.1M
649 East Broadway, Boston, MA, USA
See Similar DealsMultiFamily1,680 SF
Sold 04/01/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$654
Total Square Footage:1,680 SF
Transaction Type:Sale
A multifamily property located at 649 E Broadway in Boston, MA has been sold for $1,100,000. The property spans over an area of 1,680 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Date: 04/01/2021
- Address: 649 E Broadway, Boston, MA
- Market: Boston, MA
- Broker: Jackie Rooney Team - Rooney Real Estate, LLC
- SF: 1,680
- PPSF: $655
The sale was facilitated by the Jackie Rooney Team from Rooney Real Estate, LLC.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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