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Jeetendra Shahani And Shalini Shahani Sell Boston Multifamily For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily2,340 SF
Sold 05/30/2024
SOLD
Jeetendra Shahani And Shalini Shahani Sell Boston Multifamily For $1.1M
87 Oakland Street
See Similar DealsMultiFamily2,340 SF
Sold 05/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$470
Total Square Footage:2,340 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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