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

Property Image
SOLD
$1,915,000
Ryan Foley
John Pentore

Massachusetts

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MultiFamily3,087 SF
Sold 07/05/2024
the dealplayerscompscontact
Property Image
SOLD

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

891-893 East Broadway

See Similar Deals
MultiFamily3,087 SF
Sold 07/05/2024
Ryan Foley
John Pentore
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$620
Total Square Footage:3,087 SF
Transaction Type:Sale

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
John Pentore
99 deals$577.6M volume
BROKER
Ryan Foley
Greater Metropolitan Real Estate
Ryan Foley
14 deals$51.4M volume
BROKER

Details

SOLD
IMAGE: Ryan Foley & John Pentore DATE: 07/05/2024 ADDRESS: 891-893 East Broadway MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Ryan Foley - Greater Metropolitan Real Estate (@GMREBoston) SELLER'S REP: John Pentore (@Juconn) - Horvath & Tremblay SALE PRICE: $1,915,000 UNITS: 2 ~ PPU: $957,500 SF: 3,087 ~ PPSF: $620 NOTE: 891-893 E Broadway in Boston, MA sold for $1,915,000. This two-story building features extensively renovated units with condo-quality finishes, including new kitchens, in-unit laundry, and private decks, plus new HVAC systems and separate utilities for each unit.

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

$102,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,803.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,078.08
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