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
East 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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93