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159 West Third Street, Sout...

Kenneth Gordon Sells Condo In Boston, MA For $1.195M Via Douglas Elliman
SOLD

Kenneth Gordon Sells Condo In Boston, MA For $1.195M Via Douglas Elliman

159 West Third Street, South Boston Naval Annex, Massachusetts 02127, United States

$1,195,000

$628/SF

Building Size

1,900 SF

Asset Type

Closing

Apr 3, 2022

AI

The property at 159 W 3rd St, Boston, MA is a condo with a sale price of $1,195,000. Spanning 1,900 square feet, the asset was sold for $200,000 less than the asking price of $1,395,000, translating to a price per square foot of $629.

Summary of transation details:

Craig Brody and Rami Mitias from Douglas Elliman represented the seller, Kenneth Gordon, in the deal. The transaction, which took place on 04/04/2022, involved a successful negotiation resulting in the property being sold for $1,195,000.

Players

Craig Brody

Douglas Elliman

Broker

$75M

vol

16 deals

Broker

Kenneth Gordon

Seller

$2.9M

vol

2 deals

Seller

South Boston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.27%

Cash-on-Cash

-3.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93