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3 Wilbur Street

Updated Oct 28, 2024

Michael Zaldumbide Acquires 2-Family Package Deal In Boston, MA For $1.35M
SOLDPackage Deal

Michael Zaldumbide Acquires 2-Family Package Deal In Boston, MA For $1.35M

3 Wilbur Street

$1,630,000

$499/SF

Building Size

3,265 SF

Asset Type

Package Deal

Closing

Oct 14, 2022

About this deal

AI

Located in Boston, MA, a package deal consisting of properties at 3 & 5 Wilbur Ct has recently been sold. The transaction, which closed on 08/12/2022, involved a total sales price of $1,350,000. The combined square footage of the properties is 3,265, resulting in a price per square foot of $413. The buyer, Michael Zaldumbide, acquired both 2-family homes from the seller, Hacobian Ohanian RT. The deal was facilitated by Michael Sulprizio of Sulprizio Real Estate, who represented both the seller and the buyer in the transaction.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $1,350,000
  • Address: 3 & 5 Wilbur Ct, Boston, MA
  • Square Footage: 3,265
  • Price Per Square Foot: $413

This transaction marks the successful sale of two 2-family properties, 3 & 5 Wilbur Ct, in Boston, MA. Michael Zaldumbide acted as the buyer, while Hacobian Ohanian RT served as the seller. The deal was facilitated by Michael Sulprizio of Sulprizio Real Estate, who played a crucial role in representing both parties.

Players

Michael Sulprizio

Broker

$2M

vol

2 deals

Broker

Michael Zaldumbide

Buyer

$3M

vol

2 deals

Buyer

Hacobian Ohanian

RT

Seller

$3M

vol

2 deals

Seller

Boston Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Deal FAQ

About $499 per square foot on a published $1.6M for 3,265 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.73%

Cash-on-Cash

-2.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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