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Mission Realty Advisors Acquires Multifamily Property In Boston, MA For $1.8M

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SOLD
$1,815,000

Massachusetts

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MultiFamily5,053 SF
Sold 04/19/2022
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Property Image
SOLD

Mission Realty Advisors Acquires Multifamily Property In Boston, MA For $1.8M

91 Parkton Road, Boston, Massachusetts 02130, United States

See Similar Deals
MultiFamily5,053 SF
Sold 04/19/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$359
Total Square Footage:5,053 SF
Transaction Type:Sale

The multifamily property located at 91 Parkton Rd in Boston, MA was recently sold for a total price of $1,815,000. Spanning over 5,053 square feet, the property was sold at a price per square foot of $359. This transaction took place on April 19, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,815,000
  • Address: 91 Parkton Rd, Boston, MA
  • Square Footage: 5,053
  • Price per Square Foot: $359
  • Market: Boston, MA

Mission Realty Advisors represented the buyer in this transaction, while Eric Johnson from Compass served as the seller's representative.

Players

Eric Johnson
17 deals$34.4M volume
BROKER

Details

SOLD
IMAGE: Eric Johnson DATE: 04/19/2022 ADDRESS: 91 Parkton Rd MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Mission Realty Advisors SELLER'S REP: Eric Johnson - Compass SALE PRICE: $1,815,000 SF: 5,053 ~ PPSF: $359

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,448.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,604.03
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