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92 Maple Street

Zachary Conley Of Nextgen Realty Closes $1.26M Multifamily Sale In Boston
SOLDMultiFamily

Zachary Conley Of Nextgen Realty Closes $1.26M Multifamily Sale In Boston

92 Maple Street

$1,260,000

$226/SF

Building Size

5,559 SF

Asset Type

MultiFamily

Closing

Apr 1, 2024

AI

The sale of 92 Maple Street in Boston, MA, was finalized for $1,260,000. This Victorian property, configured as a 3-unit multi-family residence with 13 bedrooms and 3.5 bathrooms, spans 5,559 square feet and sold for $227 per square foot.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,260,000
  • Units: 3
  • Price Per Unit: $420,000
  • Square Footage: 5,559
  • Price Per Square Foot: $227
  • Address: 92 Maple Street
  • Market: Boston, MA

Zachary Conley from Nextgen Realty represented the transaction as the broker for the sale of 92 Maple Street. The deal, which exceeded a 7% cap rate, highlights the strong investment potential and competitive pricing of this multi-family property in Boston.

Players

Zachary Conley

Nextgen Realty

Broker

$7.2M

vol

4 deals

Broker

Dorchester 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

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93