Stephen Lussier Of Arborview Realty Inc. Acquires Multifamily Property In Boston, MA For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily2,456 SF
Sold 03/01/2021
SOLD
Stephen Lussier Of Arborview Realty Inc. Acquires Multifamily Property In Boston, MA For $1.1M
7-9 Herbertson Road, Boston, MA, USA
See Similar DealsMultiFamily2,456 SF
Sold 03/01/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$447
Total Square Footage:2,456 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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