Red Tree Real Estate Sells Multifamily Property In Boston, MA For $3.45M
SOLD
$3,450,000
Massachusetts
See Similar DealsMultiFamily4,944 SF
Sold 07/01/2020
SOLD
Red Tree Real Estate Sells Multifamily Property In Boston, MA For $3.45M
9 Mansfield St, Boston, Allston, Massachusetts, USA
See Similar DealsMultiFamily4,944 SF
Sold 07/01/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$697
Total Square Footage:4,944 SF
Transaction Type:Sale
Located at 9 Mansfield St in Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans a total of 4,944 square feet and was sold for a price of $3,450,000, resulting in a price per square foot of $698. The sale took place on July 1, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Square Footage: 4,944
- Price Per Square Foot: $698
- Address: 9 Mansfield St, Boston, MA
- Seller's Representative: Jerome Bibuld - Red Tree Real Estate
- Buyer's Representative: Dino Bacoka - Red Tree Real Estate
- Market: Boston, MA
Jerome Bibuld from Red Tree Real Estate represented the seller in this transaction, while Dino Bacoka, also from Red Tree Real Estate, represented the buyer. The transaction showcases the expertise and negotiation skills of the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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