Stephen Lussier Of Arborview Realty Inc. Acquires Multifamily Property In Boston, MA For $1.1M
7-9 Herbertson Road, Boston, MA, USA
$1,100,000
$447/SF
Building Size
2,456 SF
Asset Type
MultiFamily
Closing
Feb 28, 2021
AI
The multifamily property located at 7-9 Herbertson Road in Boston, MA has been sold for a price of $1,100,000. This property consists of 2,456 square feet and was sold at a price per square foot of $448.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 7-9 Herbertson Road, Boston, MA
- Market: Boston, MA
- Seller's Representative: Peter Messina - Messina Realty Collective LLC
- Buyer's Representative: Stephen Lussier - Arborview Realty Inc.
The seller of this property was represented by Peter Messina from Messina Realty Collective LLC. On the other hand, Stephen Lussier from Arborview Realty Inc. acted as the buyer's representative in this transaction.
Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93