Carleton Ashley & Scott Nelson Facilitate $1M Sale Of Multifamily Property In Boston
9-11 Adanac Terrace
$1,000,000
$316/SF
Building Size
3,157 SF
Asset Type
MultiFamily
Closing
May 3, 2024
AI
A two-family home located at 9-11 Adanac Terrace in Boston's Ashmont neighborhood was recently sold for $1,000,000. The property consists of two units with a total square footage of 3,157. The price per unit amounted to $500,000, with each square foot priced at $317. The home showcases good condition units and boasts a newer roof, siding, and windows.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 2
- SF: 3,157
- PPU: $500,000
- PPSF: $317
- Address: 9-11 Adanac Terrace, Boston, MA
- Market: Boston, MA
The sale of the two-family home was facilitated by Carleton Ashley and Scott Nelson of Compass, representing both the buyer and the seller in the transaction.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93