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891-893 East Broadway

Ryan Foley Of Greater Metropolitan Real Estate Represents Buyer In Multifamily Sale At 891-893 East Broadway For $1.915M
SOLDMultiFamily

Ryan Foley Of Greater Metropolitan Real Estate Represents Buyer In Multifamily Sale At 891-893 East Broadway For $1.915M

891-893 East Broadway

$1,915,000

$620/SF

Building Size

3,087 SF

Asset Type

MultiFamily

Closing

Jul 5, 2024

AI

891-893 East Broadway in Boston, MA sold for $1,915,000. This multifamily property includes two extensively renovated units located in a two-story building. The units feature condo-quality finishes, with new kitchens, in-unit laundry, private decks, and new HVAC systems, each with separate utilities.

Summary of transaction details:

The transaction was facilitated by Ryan Foley, representing the buyer, and John Pentore, representing the seller. Both representatives play a crucial role in the successful negotiation and completion of the deal.

Players

John Pentore

Horvath & Tremblay

Broker

$584.1M

vol

101 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

8.28%

Cash-on-Cash

-2.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93