facebook
Traded Co logo
Submit
Daily limit: 0/10

Tad Mendes Of Gibson Sotheby's International Realty Represents Buyer In $1.235M Multifamily Sale In Boston

Property Image
SOLD
$1,235,000

Massachusetts

See Similar Deals
MultiFamily3,402 SF
Sold 09/13/2024
the dealplayerscompscontact
Property Image
SOLD

Tad Mendes Of Gibson Sotheby's International Realty Represents Buyer In $1.235M Multifamily Sale In Boston

703 Hyde Park Avenue

See Similar Deals
MultiFamily3,402 SF
Sold 09/13/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$363
Total Square Footage:3,402 SF
Transaction Type:Sale

A multifamily property located at 703 Hyde Park Avenue in Boston, MA, was sold for $1,235,000. The property encompasses 3,402 square feet, comprising two units with a price per unit of $617,500 and a price per square foot of $363.

Summary of transaction details:

The transaction was facilitated by Tad Mendes representing the buyer and Terrence Bell representing the seller, showcasing their roles in successfully closing the deal.

Players

Terrence Bell
2 deals$2.4M volume(617) 224-6971
BROKER

Tad Mendes
Sotheby's International Realty
1 deal$1.2M volume(617) 615-2430
BROKER

Details

SOLD
IMAGE: Tad Mendes & Terrence Bell DATE: 09/13/2024 ADDRESS: 703 Hyde Park Avenue MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Tad Mendes (@Tadpitt) - Gibson Sotheby's International Realty (@Gibson_SIR) SELLER'S REP: Terrence Bell (@TBellSells) - Great Spaces Era (@GreatSpacesEra) SALE PRICE: $1,235,000 UNITS: 2 ~ PPU: $617,500 SF: 3,402 ~ PPSF: $363 NOTE: A brick two-family home at 8 Auburn St, Boston, sold for $1.7M in 2024, featuring a 3-level main residence with 2-3 bedrooms, period details, and a deck with a fenced yard.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$65,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,387.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,854.53
Annual Debt Service$70,254.36