Updated Dec 21, 2023
Realty ONE Group Executives Acquires Multifamily In Boston For $1.04M
74 Richmere Road, Boston, Massachusetts 02126, United States
$1,045,000
$227/SF
Building Size
4,600 SF
Asset Type
MultiFamily
Closing
Mar 14, 2022
About this deal
AI
A multifamily property located at 74 Richmere Rd in Boston, MA has been sold for a total price of $1,045,000. The property spans a total area of 4,600 square feet, resulting in a price per square foot of $227.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,045,000
- Address: 74 Richmere Rd, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Ellyn DiRienzo from Realty ONE Group Executives. On the other side, representing the seller was Nicholson Cantave from Cantave Realty Group, Inc.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.18%
Cash-on-Cash
-4.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93