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805 East 5th Street, Boston...

Keller Williams Realty Acquires Multifamily Property In Boston, MA
SOLDMultiFamily

Keller Williams Realty Acquires Multifamily Property In Boston, MA

805 East 5th Street, Boston, Massachusetts, USA

$1,120,000

$451/SF

Building Size

2,480 SF

Asset Type

MultiFamily

Closing

Feb 25, 2021

AI

The multifamily property located at 805 E 5th Street in Boston, MA has been sold for $1,120,000. The property spans 2,480 square feet, resulting in a price per square foot of $452.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,120,000
  • Market: Boston, MA
  • Seller's Representative: Brian Kaplan - The Virtual Realty Group
  • Buyer's Representative: Jerry Martin - Keller Williams Realty

Jerry Martin from Keller Williams Realty represented the buyer in this transaction, while Brian Kaplan from The Virtual Realty Group represented the seller. Both parties played a crucial role in the successful sale of the property.

Players

Jerry Martin

Broker

$1.1M

vol

1 deal

Broker

South 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

14.16%

Cash-on-Cash

-4.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93