Aranson Maguire Group Acquires Multifamily Property In Boston For $2.27M
SOLD
$2,275,000
Massachusetts
See Similar DealsMultiFamily4,000 SF
Sold 12/31/2021
SOLD
Aranson Maguire Group Acquires Multifamily Property In Boston For $2.27M
737 East Seventh Street, South Boston Naval Annex, Massachusetts 02127, United States
See Similar DealsMultiFamily4,000 SF
Sold 12/31/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$568
Total Square Footage:4,000 SF
Transaction Type:Sale
The multifamily property located at 737 E 7th St, Boston, MA has been sold for a total price of $2,275,000. The property spans a total area of 4,000 square feet, resulting in a price per square foot of $569.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,275,000
- Address: 737 E 7th St, Boston, MA
- Market: Boston, MA
- Buyer's Rep: Aranson Maguire Group - Compass
- Seller's Rep: Jacob Carlin
- SF: 4,000
- PPSF: $569
The buyer's representative in this transaction was the Aranson Maguire Group from Compass, while the seller was represented by Jacob Carlin.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$121,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,082.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,784.66
Annual Debt Service$129,415.93
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