Boston Multifamily Sells For $1.18M With Buyer's Rep Zhonghui Zhu & Seller's Rep Rachel Mwankanye
SOLD
$1,180,000
Massachusetts
See Similar DealsMultiFamily3,084 SF
Sold 03/18/2021
SOLD
Boston Multifamily Sells For $1.18M With Buyer's Rep Zhonghui Zhu & Seller's Rep Rachel Mwankanye
7 Arion Street, Boston, Dorchester, Massachusetts, USA
See Similar DealsMultiFamily3,084 SF
Sold 03/18/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$382
Total Square Footage:3,084 SF
Transaction Type:Sale
The multifamily property located at 7 Arion Street in Boston, MA has been sold. The transaction took place on March 18, 2021, and the sale price amounted to $1,180,000. The property spans across 3,084 square feet, resulting in a price per square foot of $383.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Address: 7 Arion Street, Boston, MA
- Market: Boston, MA
- Seller's Representative: Rachel Mwankanye - Greater Investments
- Buyer's Representative: Zhonghui Zhu - East West Real Estate, LLC
- Square Footage: 3,084
- Price per Square Foot: $383
Rachel Mwankanye from Greater Investments represented the seller in the transaction, while Zhonghui Zhu from East West Real Estate, LLC represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,192.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,593.80
Annual Debt Service$67,125.62
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