Anit Patel Acquires Multifamily Property In Boston, MA For $2.5M
13 Margaret St
Units
2,525,000
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
Anit Patel has purchased a multifamily property located at 13 Margaret St in Boston, MA. The property consists of 4 units with a total square footage of 3,850. The sale price for this transaction was $2,525,000, resulting in a price per unit of $631,250 and a price per square foot of $656.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,525,000
- Address: 13 Margaret St, Boston, MA
- Market: Boston, MA
- Buyer: Anit Patel
- Seller: Torrington Properties
- Buyer's Representative: Antonia Monarski
- Seller's Representative: John Federico - Foley/Federico Team Greater Metropolitan Real Estate
- Units: 4
- Total Square Footage: 3,850
- Price per Unit: $631,250
- Price per Square Foot: $656
John Federico, from the Foley/Federico Team at Greater Metropolitan Real Estate, represented the seller, Torrington Properties, in this transaction.
Players
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93