Nambogo B. Kaabunga Acquires Multifamily Property On Mattapan Street For $960K
78 Mattapan St, Mattapan, MA 02126, USA
$960,000
$262/SF
Building Size
3,657 SF
Asset Type
MultiFamily
Closing
Mar 5, 2020
AI
A multifamily property located at 78 Mattapan Street in the Mattapan market has been sold. The property, with a total area of 3,657 square feet, was sold for a total sale price of $960,000. The price per square foot for this transaction was $262. This property consists of three units, with each unit valued at $320,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $960,000
- Address: 78 Mattapan Street
- Market: Mattapan
- Area: 3,657 square feet
- Price per Square Foot: $262
- Units: 3
- Price per Unit: $320,000
The seller of this property was Gerrard Lett, while the buyer was Nambogo B. Kaabunga. The deal was facilitated by Anthony Jean-Baptiste from Boston Trust Realty Group and Greater Investments.
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.52%
Cash-on-Cash
-4.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93