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79 Foster Street

Multifamily Property At 79 Foster Street In Boston Sold For $1.975M With Buyer’s Rep Compass
SOLDMultiFamily

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

David Dobrowolski

Block Realty

Broker

$21.8M

vol

8 deals

Broker

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