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
Dorchester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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