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87 Parkton Road, Boston, Ma...

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

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

87 Parkton Road, Boston, Massachusetts 02130, United States

$1,665,000

$413/SF

Building Size

4,026 SF

Asset Type

MultiFamily

Closing

Apr 18, 2022

AI

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

Broker

$34.4M

vol

17 deals

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

9.53%

Cash-on-Cash

-2.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93