Updated Dec 21, 2023
East West Real Estate Acquires Multifamily Property In Boston For $1.08M
8 Mallard Ave, Boston, Massachusetts, USA
$1,080,000
$323/SF
Building Size
3,339 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
About this deal
AI
A multifamily property located at 8 Mallard Ave in Boston, MA recently changed hands in a sale transaction. The property spans 3,339 square feet and was sold for a total price of $1,080,000, resulting in a price per square foot of $323.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,080,000
- Square Footage: 3,339
- Address: 8 Mallard Ave, Boston, MA
- Market: Boston, MA
Zhonghui Zhu of East West Real Estate, LLC represented the buyer in the transaction, while Kianie Stewart of Redfin Corp. served as the seller's representative.
Players
Boston 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
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93