OnePath LLC Sells Multifamily Property On Edson Terrace In Boston For $830,000
SOLD
$830,000
Massachusetts
See Similar DealsMultiFamily2,000 SF
Sold 03/01/2021
SOLD
OnePath LLC Sells Multifamily Property On Edson Terrace In Boston For $830,000
8 Edson Street, Boston, Massachusetts, USA
See Similar DealsMultiFamily2,000 SF
Sold 03/01/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$415
Total Square Footage:2,000 SF
Transaction Type:Sale
The multifamily property located at 8 Edson Terrace in Boston, MA was recently sold in a transaction that took place on 03/01/2021. The property was sold by OnePath LLC. The selling price for the property was $830,000, slightly below the initial asking price of $839,000. The property spans across 2,000 square feet, resulting in a price per square foot of $415.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $830,000
- Address: 8 Edson Terrace, Boston, MA
- Market: Boston, MA
The brokers involved in the deal were Daniel Jeannite and Anthony Jean-Baptiste from MIG - Boston Trust Realty Group. They represented the seller, OnePath LLC, throughout the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$44,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,948.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,934.62
Annual Debt Service$47,215.48
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