Jovonie Houston Of Coldwell Banker Realty Represents Buyer In Boston Multifamily Sale For $1.25M
71-73 Richfield Street
$1,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 29, 2024
AI
This multifamily asset located at 71-73 Richfield Street in Boston, MA, was sold for $1,250,000. The property consists of three units, totaling 4,096 square feet. It features 10 bedrooms and 4 bathrooms, with a price per unit of $416,667 and a price of $305 per square foot. The triplex has undergone recent renovations that integrate classic charm with modern updates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 3
- Price per Unit: $416,667
- Square Footage: 4,096 sq ft
- Price per Square Foot: $305
Jovonie Houston from Coldwell Banker Realty represented the buyer in this transaction, while Adelino Vicente from Vicente Realty represented the seller. The deal highlights the involvement of two reputable brokerages in the Boston real estate market.
Players
Dorchester 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93