Eastern Elite Realty, LLC Acquires Multifamily Property On Falkland St, Boston For $1.15M
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily2,812 SF
Sold 12/10/2021
SOLD
Eastern Elite Realty, LLC Acquires Multifamily Property On Falkland St, Boston For $1.15M
66 Falkland Street, Boston, Massachusetts 02135, United States
See Similar DealsMultiFamily2,812 SF
Sold 12/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$409
Total Square Footage:2,812 SF
Transaction Type:Sale
Located at 66-68 Falkland St in Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans over 2,812 square feet and boasts a sale price of $1,150,000, resulting in a price per square foot of $409. The sale was facilitated by Chris Kostopoulos Group from Keller Williams Realty, representing the seller, and Maggie Wong from Eastern Elite Realty, LLC, representing the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 66-68 Falkland St, Boston, MA
- Market: Boston, MA
- Square Footage: 2,812
- Price per Square Foot: $409
The seller's representative, Chris Kostopoulos Group from Keller Williams Realty, played a crucial role in finalizing the deal. On the other side, the buyer was represented by Maggie Wong from Eastern Elite Realty, LLC. Together, they ensured a smooth and successful transaction for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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