Updated Dec 21, 2023
RE/MAX Realty Plus Brokers $1.28M Multifamily Sale In Boston, MA
891-893 East Broadway, Boston, Massachusetts, USA
$1,280,000
$588/SF
Building Size
2,176 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
About this deal
AI
A multifamily property located at 891-893 E Broadway in Boston, MA, has been sold for a total of $1,280,000. The transaction took place on July 15, 2021. The property spans across 2,176 square feet, resulting in a price per square foot of $588. The property was marketed for sale, and the deal was facilitated by broker Robert Nelson from RE/MAX Realty Plus.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Address: 891-893 E Broadway, Boston, MA
- Market: Boston, MA
Robert Nelson from RE/MAX Realty Plus served as the broker for this transaction, representing the parties involved in 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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93