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7 Forbes Street

Updated Dec 4, 2024

Premier Realty Group Represents Buyer In $1.15M Sale Of Multifamily Property In Boston, MA
SOLDMultiFamily

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

About this deal

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.

On the Map

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$1,150,000

$301/SF

MultiFamily

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Players

Roberto Magno

Castlearch Property Advisors

Broker

$21.8M

vol

13 deals

Broker

Jamaica Plain MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $301 per square foot on a published $1.2M for 3,810 square feet (2023).

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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

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