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Massachusetts

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70 Peter Parley Road

Barbara Wales Of Engel & Völkers Represents Buyer In Boston Multifamily Sale For $1.525M
SOLDMultiFamily

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

Barbara Wales

Engel & Völkers

Broker

$10.9M

vol

4 deals

Broker

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

10.40%

Cash-on-Cash

-2.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93