Jeetendra Shahani And Shalini Shahani Sell Boston Multifamily For $1.1M
87 Oakland Street
$1,100,000
$470/SF
Building Size
2,340 SF
Asset Type
MultiFamily
Closing
May 30, 2024
AI
A multi-family property located at 87 Oakland St, Boston, MA 02135, sold for $1,100,000. The property features two units with a total of 5 bedrooms and 2 baths, both currently rented with leases through August 2024.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Square Footage: 2,340
- Price per Square Foot: $470
- Market: Boston, MA
- Brokers: Jeetendra Shahani & Shalini Shahani - Compass; Donahue Maley & Burns Team
Jeetendra Shahani and Shalini Shahani represented the sellers in this transaction, working alongside the Donahue Maley & Burns Team. The buyers of the property were not explicitly mentioned in the provided information.
Players
Brighton 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93