Radhy Pena's Pondside Brokers Sell Boston Multifamily For $1.9M
SOLD
$1,900,000
Massachusetts
See Similar DealsMultiFamily6,099 SF
Sold 01/14/2022
SOLD
Radhy Pena's Pondside Brokers Sell Boston Multifamily For $1.9M
74-76 Rockland Street, Roxbury, Massachusetts 02119, United States
See Similar DealsMultiFamily6,099 SF
Sold 01/14/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$311
Total Square Footage:6,099 SF
Transaction Type:Sale
The multifamily property located at 74-76 Rockland in Boston, MA was recently sold for $1,900,000. The sale was facilitated by broker Radhy Pena from the Pondside agency. The property spans a total of 6,099 square feet, resulting in a price per square foot of $312.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Square Footage: 6,099
- Price per Square Foot: $312
- Address: 74-76 Rockland, Boston, MA
- Market: Boston, MA
The broker representing the transaction was Radhy Pena from the Pondside agency. Their expertise and negotiation skills played a crucial role in the successful sale of this multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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