Boston Commercial Realty Acquires Multifamily Property On Woodledge Street, Boston For $1.6M
SOLD
Massachusetts
See Similar DealsMultiFamily6,810 SF
Sold 02/17/2021
SOLD
Boston Commercial Realty Acquires Multifamily Property On Woodledge Street, Boston For $1.6M
96-98 Woodledge Street, Boston, MA, USA
See Similar DealsMultiFamily6,810 SF
Sold 02/17/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:6,810 SF
Transaction Type:Sale
The multifamily property located at 96-98 Woodledge Street in Boston, MA has been sold for a price of $1,605,000. The transaction took place on February 17, 2021, and the property spans a total area of 6,810 square feet, resulting in a price per square foot of $236.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,605,000
- Address: 96-98 Woodledge Street, Boston, MA
- Square Footage: 6,810
- Price per Square Foot: $236
The seller's representative for this transaction was Lin Xu from Keller Williams Realty, while the buyer's representative was Laurence Tamkin from Boston Commercial Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,702.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,608.52
Annual Debt Service$91,302.23
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