Pena Realty Corporation Acquires Multifamily Property In Boston, MA For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily3,825 SF
Sold 02/22/2022
SOLD
Pena Realty Corporation Acquires Multifamily Property In Boston, MA For $1.1M
756 Saratoga Street, Boston, Massachusetts 02128, United States
See Similar DealsMultiFamily3,825 SF
Sold 02/22/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:3,825 SF
Transaction Type:Sale
The multifamily property located at 756 Saratoga St in Boston, MA was recently sold on February 22, 2022. The property spans 3,825 square feet and was sold at a price of $1,100,000, resulting in a price per square foot of $288.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Square Footage: 3,825
- Price per Square Foot: $288
- Address: 756 Saratoga St, Boston, MA
- Market: Boston, MA
The buyer in this transaction was represented by Kristi Gjikondi from Pena Realty Corporation. On the other hand, the seller was represented by the Charlesgate Realty Group Team from Charlesgate Realty Group, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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