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:
- Property Type: Condo
- Transaction Amount: $1,195,000
- Seller: Kenneth Gordon
- Brokers: Craig Brody & Rami Mitias - Douglas Elliman
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
South Boston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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