J & J Companies, Inc Acquires Multi Family Property In Boston, MA For $615K
SOLD
$615,000
Massachusetts
See Similar DealsMultiFamily2,900 SF
Sold 08/30/2022
SOLD
J & J Companies, Inc Acquires Multi Family Property In Boston, MA For $615K
81 Ellington Street
See Similar DealsMultiFamily2,900 SF
Sold 08/30/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:2,900 SF
Transaction Type:Sale
The multi-family property located at 81 Ellington St in Boston, MA has been sold. The property has a total of 3 units, with a price per unit of $205,000. The total square footage of the property is 2,900, making the price per square foot $212. The sale price for this transaction was $615,000.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $615,000
- Units: 3
- Price Per Unit: $205,000
- Square Footage: 2,900
- Price Per Square Foot: $212
- Address: 81 Ellington St, Boston, MA
- Buyer: J & J Companies, Inc - Heidy Barreiro
- Seller: Whitlow Family
The buyer for this transaction is J & J Companies, Inc, represented by Heidy Barreiro. The seller is the Whitlow Family.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$32,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,184.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,915.41
Annual Debt Service$34,984.97
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