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66 Falkland Street, Boston,...

Eastern Elite Realty, LLC Acquires Multifamily Property On Falkland St, Boston For $1.15M
SOLDMultiFamily

Eastern Elite Realty, LLC Acquires Multifamily Property On Falkland St, Boston For $1.15M

66 Falkland Street, Boston, Massachusetts 02135, United States

$1,150,000

$409/SF

Building Size

2,812 SF

Asset Type

MultiFamily

Closing

Dec 10, 2021

AI

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.

Players

Chris Kostopoulos

Keller Williams Realty

Broker

$11.4M

vol

6 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93