Premier Realty Group Represents Buyer In $1.15M Sale Of Multifamily Property In Boston, MA
7 Forbes Street
$1,150,000
$301/SF
Building Size
3,810 SF
Asset Type
MultiFamily
Closing
Oct 11, 2023
AI
A multifamily property located at 7 Forbes Street in Boston, Massachusetts, was sold for a sale price of $1,150,000. The property is a 3,810 square feet asset with a price per square foot of $302.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 7 Forbes Street
- Market: Boston, MA
The buyer in this transaction was represented by Won Ra from Premier Realty Group, while the seller was represented by Roberto Magno from Castlearch Property Advisors.
This sale presents an opportunity to acquire a multifamily property located at 7 Forbes Street in Boston. With its ideal location in the desirable market of Boston, this property offers great potential for investors. Won Ra, from Premier Realty Group, successfully represented the buyer in this transaction, ensuring a smooth and efficient process. Roberto Magno, from Castlearch Property Advisors, skillfully represented the seller, ensuring their interests were protected throughout the deal.
Players
Jamaica Plain 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93