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68 Orient Avenue

Advisors Living Acquires Multifamily Property On Orient Avenue In East Boston
SOLDMultiFamily

Advisors Living Acquires Multifamily Property On Orient Avenue In East Boston

68 Orient Avenue

$1,110,000

$186/SF

Building Size

5,950 SF

Asset Type

MultiFamily

Closing

Sep 29, 2023

AI

A multifamily property located at 68 Orient Avenue in East Boston, MA has been sold for a price of $1,110,000. The property consists of 3 units with a price per unit of $370,000. The total square footage of the property is 5,950, resulting in a price per square foot of $187.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,110,000
  • Address: 68 Orient Avenue
  • Market: East Boston, MA
  • Units: 3
  • Price Per Unit: $370,000
  • Square Footage: 5,950
  • Price Per Square Foot: $187

The seller of the property was Charles Vangel, while the buyer was represented by Melody Golestani from Advisors Living. David Cody from Orchard Park Realty acted as the seller's representative in the transaction.

Players

Melody Golestani

Gibson Sotheby's International Realty

Broker

$3.4M

vol

3 deals

Broker

East Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93