EliteRealty Advisors Acquires Multifamily Property In Boston For $2.15M
SOLD
$2,150,000
Massachusetts
See Similar DealsMultiFamily3,417 SF
Sold 03/25/2022
SOLD
EliteRealty Advisors Acquires Multifamily Property In Boston For $2.15M
817 East Broadway, South Boston Naval Annex, Massachusetts 02127, United States
See Similar DealsMultiFamily3,417 SF
Sold 03/25/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$629
Total Square Footage:3,417 SF
Transaction Type:Sale
The multifamily property located at 817 E Broadway in Boston, MA was recently sold for $2,150,000. The property spans across 3,417 square feet, resulting in a price per square foot of $629.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Square Footage: 3,417
- Price per Square Foot: $629
- Address: 817 E Broadway, Boston, MA
- Market: Boston, MA
Theresa Goodwin from EliteRealty Advisors represented the buyer in the transaction, while Pedro Cordano from Century 21 North East acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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