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13 Margaret St

Updated Oct 28, 2024

Anit Patel Acquires Multifamily Property In Boston, MA For $2.5M
SOLD

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.

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Players

Torrington Properties
Torrington PropertiesSeller

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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

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