facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

71-73 Richfield Street

Jovonie Houston Of Coldwell Banker Realty Represents Buyer In Boston Multifamily Sale For $1.25M
SOLDMultiFamily

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

Adelino Vicente

Broker

$2.7M

vol

2 deals

Broker

Dorchester 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93