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Mission Realty Advisors Acquires Multifamily Property On Parkton Rd, Boston For $1.6M

Property Image
SOLD
$1,665,000

Massachusetts

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MultiFamily4,026 SF
Sold 04/19/2022
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Property Image
SOLD

Mission Realty Advisors Acquires Multifamily Property On Parkton Rd, Boston For $1.6M

87 Parkton Road, Boston, Massachusetts 02130, United States

See Similar Deals
MultiFamily4,026 SF
Sold 04/19/2022
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$413
Total Square Footage:4,026 SF
Transaction Type:Sale

Located at 87 Parkton Rd in Boston, MA, this multifamily property was recently sold for a price of $1,665,000. With a total square footage of 4,026, the property offers ample space for its future residents. The sale price per square foot (PPSF) came out to be $414, making it an attractive investment opportunity.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,665,000
  • Address: 87 Parkton Rd, Boston, MA
  • Market: Boston, MA
  • Buyer's Representative: Mission Realty Advisors - Compass
  • Seller's Representative: Eric Johnson - Compass

The buyer's representative in this deal was Mission Realty Advisors from Compass, while the seller was represented by Eric Johnson, also from Compass. Their expertise and negotiation skills likely played a crucial role in the successful completion of this transaction. The sale of this multifamily property demonstrates the continued demand and opportunities in the Boston real estate market.

Players

Eric Johnson
Compass
Eric Johnson
17 deals$34.4M volume
BROKER

Details

SOLD
IMAGE: Eric Johnson DATE: 04/19/2022 ADDRESS: 87 Parkton Rd MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Mission Realty Advisors - Compass SELLER'S REP: Eric Johnson - Compass SALE PRICE: $1,665,000 SF: 4,026 ~ PPSF: $414

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,915.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,892.95
Annual Debt Service$94,715.39