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
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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