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Alp Kantar Acquires Multifamily Property On Massachusetts Ave For $2.55M

Property Image
SOLD
$2,550,000

Massachusetts

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MultiFamily4,000 SF
Sold 07/19/2021
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Property Image
SOLD

Alp Kantar Acquires Multifamily Property On Massachusetts Ave For $2.55M

670 Massachusetts Ave, Boston, Massachusetts, USA

See Similar Deals
MultiFamily4,000 SF
Sold 07/19/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$637
Total Square Footage:4,000 SF
Transaction Type:Sale

A multifamily property located at 670 Massachusetts Ave in Boston, MA has been sold for a price of $2,550,000. The property spans approximately 4,000 square feet and was sold at a price per square foot of $638.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,550,000
  • Address: 670 Massachusetts Ave, Boston, MA
  • Market: Boston, MA

The seller's representative for this transaction was Zhengnan Kang from Blue Ocean Realty, LLC. Alp Kantar from Boston Brokerage Group represented the buyer.

Players

Alp Kantar
13 deals$28.7M volume
BROKER

Details

SOLD
IMAGE: Alp Kantar DATE: 07/19/2021 ADDRESS: 670 Massachusetts Ave MARKET: Boston, MA ASSET TYPE: Multifamily SELLER'S REP: Zhengnan Kang - Blue Ocean Realty, LLC BUYER'S REP: Alp Kantar - Boston Brokerage Group SALE PRICE: $2,550,000 SF: 4,000 ~ PPSF: $638

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$136,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61