Updated Dec 19, 2023
Joshua Hussey Acquires Multifamily Property In Boston For $1.175M
92 Sumner Street, Boston, MA, USA
$1,175,000
$254/SF
Building Size
4,620 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
About this deal
AI
Located at 92 Sumner Street, this multifamily property in Boston, MA recently changed hands in a closed transaction. The property spans 4,620 square feet and was sold for $1,175,000, resulting in a price per square foot of $254. The deal was facilitated by Everett Clark from Amaral & Associates RE, representing the seller, and Joshua Hussey from The Realty Concierge, representing the buyer.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 92 Sumner Street, Boston, MA
- Square Footage: 4,620
- Price per Square Foot: $254
- Seller's Representative: Everett Clark - Amaral & Associates RE
- Buyer's Representative: Joshua Hussey - The Realty Concierge
The seller was represented by Everett Clark from Amaral & Associates RE, while the buyer had Joshua Hussey from The Realty Concierge acting as their representative in the transaction.
Players
Boston 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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93