Hartford Homes Realty Acquires Boston Multifamily For $1.06M
SOLD
$1,060,000
Massachusetts
See Similar DealsMultiFamily3,249 SF
Sold 06/04/2020
SOLD
Hartford Homes Realty Acquires Boston Multifamily For $1.06M
76 Ridgewood Street, Dorchester, MA 02122
See Similar DealsMultiFamily3,249 SF
Sold 06/04/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$326
Total Square Footage:3,249 SF
Transaction Type:Sale
A multifamily property located at 76 Ridgewood St in Boston, MA was recently sold for a total price of $1,060,000. The property spans across 3,249 square feet, resulting in a price per square foot of $326.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Address: 76 Ridgewood St, Boston, MA
- Market: Boston, MA
- Seller's Representative: Scott Merchant - Merchant Property Group LLC
- Buyer's Representative: Marc Abou-Ezzi - Hartford Homes Realty LLC
The transaction was facilitated by Scott Merchant from Merchant Property Group LLC, representing the seller, and Marc Abou-Ezzi from Hartford Homes Realty LLC, representing the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,765.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,024.94
Annual Debt Service$60,299.29
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