Kerry Dowlin Acquires Multifamily Property In Boston, MA For $1.06M
847 Metropolitan Avenue, Boston, Massachusetts 02136, United States
$1,060,000
$310/SF
Building Size
3,418 SF
Asset Type
MultiFamily
Closing
May 15, 2022
AI
A multifamily property located at 847 Metropolitan Ave in Boston, MA was recently sold for $1,060,000. The property spans a total of 3,418 square feet and was sold at a price-per-square-foot (PPSF) of $310.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Address: 847 Metropolitan Ave, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Kerry Dowlin - Leading Edge Real Estate
- Seller's Representative: The Watson Team - RE/MAX Way
- Square Footage: 3,418
- Price per Square Foot (PPSF): $310
Kerry Dowlin from Leading Edge Real Estate represented the buyer in this transaction, while The Watson Team from RE/MAX Way represented the seller. The deal was closed on 05/16/2022, with Kerry Dowlin being the buyer's representative.
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.97%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93