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Tad Mendes Of Gibson Sotheby's International Realty Represents Buyer In $1.235M Multifamily Sale In Boston
SOLD
Massachusetts
See Similar DealsMultiFamily3,402 SF
Sold 09/13/2024
SOLD
Tad Mendes Of Gibson Sotheby's International Realty Represents Buyer In $1.235M Multifamily Sale In Boston
703 Hyde Park Avenue
See Similar DealsMultiFamily3,402 SF
Sold 09/13/2024
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:
- Property Type: Multifamily
- Transaction Amount: $1,235,000
- Units: 2
- Square Footage: 3,402
- Price per Unit: $617,500
- Price per Square Foot: $363
- Buyer's Representative: Tad Mendes - Gibson Sotheby's International Realty
- Seller's Representative: Terrence Bell - Great Spaces Era
- Transaction Date: 09/13/2024
The transaction was facilitated by Tad Mendes representing the buyer and Terrence Bell representing the seller, showcasing their roles in successfully closing the deal.
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Deal Type
30 years
10 years
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
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