Advisors Living Acquires Multifamily Property On Orient Avenue In East Boston
SOLD
$1,110,000
Massachusetts
See Similar DealsMultiFamily5,950 SF
Sold 09/29/2023
SOLD
Advisors Living Acquires Multifamily Property On Orient Avenue In East Boston
68 Orient Avenue
See Similar DealsMultiFamily5,950 SF
Sold 09/29/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$186
Total Square Footage:5,950 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,261.97
Annual Debt Service$63,143.60
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