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Qin Yan Acquires Multifamily Property On Old Road, Boston In $1.05M Deal

20 Old Road
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This MultiFamily property located in MA was sold for $1,052,000 over 3 years ago. The brokers of the deal were Jilai Yang and Michael (Mike) O'Connor

The multifamily property located at 20 Old Road in Boston, MA has been sold in a recent transaction. The property, with a total square footage of 4,677, was listed for sale with an asking price of $1,150,000. The sale was facilitated by MD 20 Holdings LLC, who represented the seller, and the buyer was Qin Yan. The transaction was finalized on 07/22/2021, with a sale price of $1,052,000. This equates to a price per square foot of $225. The property consists of 3 units, with an average price per unit of $350,667. The property achieved a cap rate of 7.5%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,052,000
  • Address: 20 Old Road, Boston, MA
  • Market: Boston, MA
  • Seller: MD 20 Holdings LLC
  • Buyer: Qin Yan
  • Seller's Representative: Michael O'Connor - Douglas Elliman
  • Buyer's Representative: Jilai Yang
  • Square Footage: 4,677
  • Price per Square Foot: $225
  • Number of Units: 3
  • Price per Unit: $350,667
  • Cap Rate: 7.5%

The successful sale was completed with the assistance of Michael O'Connor from Douglas Elliman, who represented the seller, and Jilai Yang, who represented the buyer in the transaction.

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Deals
  • Location
    20 Old Road, Boston, Massachusetts, USA20 Old Road, Boston, Massachusetts, USA
  • Sale Price
    $1,052,000$1,052,000
    $224 PPSF$224 PPSF
  • Area
    4,677 SF4,677 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Michael (Mike) O'Connor

Michael (Mike) O'Connor

Deals3
Sold$3.2M

Jilai Yang

Jilai Yang

Deals1
Sold$1.1M

Agency

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

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Deal Summary

SALE IMAGE: Michael O'Connor DATE: 07/22/2021 ADDRESS: 20 Old Road MARKET: Boston, MA ASSET TYPE: Multifamily SELLER: MD 20 Holdings LLC BUYER: Qin Yan SELLER'S REP: Michael O'Connor (@BostonMikeee) - Douglas Elliman BUYER'S REP: Jilai Yang ASKING PRICE: $1,150,000 SALE PRICE: $1,052,000 SF: 4,677 ~ PPSF: $225 UNITS: 3 ~ PPU: $350,667 CAP: 7.5%

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20 Old Road

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