Cue Realty Acquires Multifamily Property In Boston, MA For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily5,136 SF
Sold
SOLD
Cue Realty Acquires Multifamily Property In Boston, MA For $1.1M
7-9 Nottingham Street, Boston, MA, USA
See Similar DealsMultiFamily5,136 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$214
Total Square Footage:5136 SF
Transaction Type:Sale
Herman Davis of Metro North Realty, LLC has successfully closed on the sale of a multifamily property located at 7-9 Nottingham Street in Boston, MA. The transaction took place on April 6, 2021.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $1,100,000
- Square Footage: 5,136
- Price per Square Foot: $214
- Address: 7-9 Nottingham Street, Boston, MA
- Market: Boston, MA
In this deal, the seller's representative was Herman Davis from Metro North Realty, LLC, while the buyer's representative was Linda G. Champion from Cue Realty.
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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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