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

Property Image
SOLD
$1,260,000

Massachusetts

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MultiFamily5,559 SF
Sold 04/01/2024
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Property Image
SOLD

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

92 Maple Street

See Similar Deals
MultiFamily5,559 SF
Sold 04/01/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$226
Total Square Footage:5,559 SF
Transaction Type:Sale

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
4 deals$7.2M volume(617) 982-8607
BROKER

Details

SOLD
IMAGE: Zachary Conley DATE: 04/01/2024 ADDRESS: 92 Maple Street MARKET: Boston, MA ASSET TYPE: Multifamily BROKER: Zachary Conley (@Boston_Bitcoin) - Nextgen Realty SALE PRICE: $1,260,000 UNITS: 3 ~ PPU: $420,000 SF: 5,559 ~ PPSF: $227 NOTE: 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, offers exceptional value and investment potential, boasting competitive pricing per square foot and a cap rate exceeding 7%.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$67,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51