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Aranson Maguire Group Acquires Multifamily Property In Boston For $2.27M

Property Image
SOLD
$2,275,000
Sarah Maguire

Massachusetts

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MultiFamily4,000 SF
Sold 12/31/2021
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Property Image
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 Deals
MultiFamily4,000 SF
Sold 12/31/2021
Sarah Maguire
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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.

Players

Sarah Maguire
3 deals$4.4M volume
BROKER

Matt Aranson
Compass
2 deals$3.8M volume
BROKER

Details

SOLD
IMAGE: Matt Aranson & Sarah Maguire DATE: 12/31/2021 ADDRESS: 737 E 7Th St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Aranson Maguire Group - Compass SELLER'S REP: Jacob Carlin SALE PRICE: $2,275,000 SF: 4,000 ~ PPSF: $569

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Deal Type
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