Groma Team Acquires Multi Family Property In Boston, MA For $2.4M
SOLD
$2,413,000
Massachusetts
See Similar DealsMultiFamily3,217 SF
Sold 12/20/2021
SOLD
Groma Team Acquires Multi Family Property In Boston, MA For $2.4M
737 Parker Street, Roxbury, Massachusetts 02120, United States
See Similar DealsMultiFamily3,217 SF
Sold 12/20/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$750
Total Square Footage:3,217 SF
Transaction Type:Sale
The multi-family property located at 737 Parker St in Boston, MA was recently sold for a total price of $2,413,000. The property spans 3,217 square feet, resulting in a price per square foot of $750. The sale took place on 12/20/2021.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $2,413,000
- Square Footage: 3,217
- Price Per Square Foot: $750
- Address: 737 Parker St, Boston, MA
- Market: Boston, MA
The buyer was represented by Groma Team from Groma Realty, LLC, while the seller was represented by Lenny Pierce from Jones Lang LaSalle New England, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$128,693.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,572.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,438.85
Annual Debt Service$137,266.21
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