Boston Average Condo Property Net Operating Income
Boston’s condo market has exploded over the past decade as dozens of new large multi-unit developments have been built. This has added thousands of new townhomes and luxury condos to Greater Boston’s housing inventory. Combine that with the shortage of single family homes in Boston, what you have is a market that is dominated by condo sales. In fact, in 2021 Boston condos recorded 5,890 condo sales in the city alone. That is over 5 times the number of single family home sales (1,110) and 7.5 times the number of multi family sales (764) in Boston during the same period. In a market like this, many property investors are eyeing condos for potential long-term property assets. Calculating Area NOI (Net Operating Income) for Investment Research Condos can vary greatly in terms of NOI (net operating income) for property investors. Factors like sales prices, HOA fees, location, and average rent prices can make or break a property in terms of pr...