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CRK Group Acquires $1.075M Multifamily Property In Boston, MA At 77 Summit Street
SOLD
Massachusetts
See Similar DealsMultiFamily4,567 SF
Sold 11/22/2023
SOLD
CRK Group Acquires $1.075M Multifamily Property In Boston, MA At 77 Summit Street
77 Summit Street
See Similar DealsMultiFamily4,567 SF
Sold 11/22/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:4,567 SF
Transaction Type:Sale
In Boston, MA, a multifamily property at 77 Summit Street has been sold for $1,075,000. The property spans a total of 4,567 square feet and has a price per square foot of $235.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Address: 77 Summit Street
- Market: Boston, MA
Tan Nguyen of CRK Group represented the buyer, while Chris Kostopoulos of Keller Williams Realty - Chestnut Hill served as the seller's representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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