Updated Dec 4, 2024
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
About this deal
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
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