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862 Huntington Avenue

Joseph Parrish Facilitates $1.9M Sale Of Multifamily Asset In Boston
SOLDMultiFamily

Joseph Parrish Facilitates $1.9M Sale Of Multifamily Asset In Boston

862 Huntington Avenue

$1,900,000

$449/SF

Building Size

4,224 SF

Asset Type

MultiFamily

Closing

Mar 25, 2024

AI

Sold for $1,900,000, this rare Boston brownstone in Mission Hill offers three units totaling 11 bedrooms and 3 bathrooms, conveniently located near Longwood Medical Area and within walking distance to 8 colleges, creating a robust rental market. The property is situated at 862 Huntington Avenue in Boston, MA, with a size of 4,224 square feet, equating to a price per square foot of $450.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Address: 862 Huntington Avenue
  • Market: Boston, MA
  • Square Footage: 4,224

The buyer's representative for this transaction was Cui Qin Chen from Jc Realty, while the seller's representative was Joseph Parrish from Parish Property Group.

Players

Joseph Parrish

Parish Property Group

Broker

$1.9M

vol

1 deal

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93