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:
- Property Type: Multifamily
- Transaction Amount: $1,915,000
- Units: 2
- Price Per Unit: $957,500
- Square Footage: 3,087
- Price Per Square Foot: $620
- Buyer's Representative: Ryan Foley - Greater Metropolitan Real Estate
- Seller's Representative: John Pentore - Horvath & Tremblay
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
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