Riverfront Realtors Acquires Multifamily Property On Monument St In Boston For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily2,466 SF
Sold 12/10/2021
SOLD
Riverfront Realtors Acquires Multifamily Property On Monument St In Boston For $1.35M
9 Monument Street, Boston, Massachusetts 02129, United States
See Similar DealsMultiFamily2,466 SF
Sold 12/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$547
Total Square Footage:2,466 SF
Transaction Type:Sale
Located at 9 Monument St in Boston, MA, this multifamily property was recently sold for a price of $1,350,000. The property spans across 2,466 square feet, resulting in a price per square foot of $547. The transaction took place on 12/10/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Square Footage: 2,466
- Price per Square Foot: $547
- Location: Boston, MA
- Seller's Representative: Catherine Marrone - Integrity Residential Brokerage LLC
- Buyer's Representative: Gregory McCarthy - Riverfront Realtors
Catherine Marrone from Integrity Residential Brokerage LLC represented the seller in this transaction, while Gregory McCarthy from Riverfront Realtors acted as the buyer's representative. The sale of this multifamily property signifies the successful conclusion of a real estate deal in Boston, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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