Barbara Wales Of Engel & Völkers Represents Buyer In Boston Multifamily Sale For $1.525M
70 Peter Parley Road
$1,525,000
$235/SF
Building Size
6,488 SF
Asset Type
MultiFamily
Closing
Aug 29, 2024
AI
A Victorian home located at 70 Peter Parley Road in Boston, MA, has been sold for $1,525,000. This 6,488 sq ft multifamily residence features 8 bedrooms and 4 baths. The property, currently being utilized as a single-family home, includes period details, a finished basement, and has recently undergone roof and heating updates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Units: 2
- Price Per Unit: $762,500
- Square Footage: 6,488
- Price Per Square Foot: $235
- Buyer's Representative: Barbara Wales - Engel & Völkers
- Seller's Representative: Gina Sierra-Nova - Jack Conway & Company
Barbara Wales from Engel & Völkers represented the buyer in this transaction, while Gina Sierra-Nova from Jack Conway & Company represented the seller, facilitating the sale of this multifamily property.
Players
Jamaica Plain MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93