Jack Yang Of Coldwell Banker Represents Buyer In $4.6M Allston Multifamily Sale
SOLD
$4,600,000
Massachusetts
See Similar DealsMultiFamily5,858 SF
Sold 10/31/2024
SOLD
Jack Yang Of Coldwell Banker Represents Buyer In $4.6M Allston Multifamily Sale
9 Everett Street
See Similar DealsMultiFamily5,858 SF
Sold 10/31/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$785
Total Square Footage:5,858 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 9 Everett Street, Allston, MA. The sale price was $4,600,000, and the property consists of 7 units with a total square footage of 5,858. The price per unit was calculated at $657,142, and the price per square foot is $785.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Units: 7
- Square Footage: 5,858
- Price Per Unit: $657,142
- Price Per Square Foot: $785
- Buyer's Representative: Jack Yang - Coldwell Banker
- Seller's Representative: Nelson Otuechere - NCO Realty Group
Jack Yang from Coldwell Banker represented the buyer in this transaction, while Nelson Otuechere from NCO Realty Group represented the seller. The deal was executed on October 31, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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