Multifamily Property At 79 Foster Street In Boston Sold For $1.975M With Buyer’s Rep Compass
79 Foster Street
$1,975,000
$504/SF
Building Size
3,917 SF
Asset Type
MultiFamily
Closing
Jul 30, 2024
AI
This multifamily property located at 79 Foster Street in Boston, MA, features a sale price of $1,975,000. The building encompasses four units with a total square footage of 3,917, resulting in a price per unit of $493,750 and a price per square foot of $504. It is situated in a market known for its strong rental rates.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,975,000
- Units: 4
- Square Footage: 3,917
- Price per Unit: $493,750
- Price per Square Foot: $504
- Buyer’s Representative: Compass
- Seller’s Representative: David Dobrowolski - Block Realty
The transaction was represented on the seller's side by David Dobrowolski from Block Realty, while Compass represented the buyer. The property boasts a total of 11 bedrooms and 4 bathrooms across the four units. It also maintains a strong rental history with zero vacancies, indicating a reliable investment.
Players
Brighton 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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93