Morgan Franklin Group Sells Condo In Boston For $1.49M
160 West Seventh Street, South Boston Naval Annex, Massachusetts 02127, United States
$1,490,000
$745/SF
Building Size
2,000 SF
Asset Type
—
Closing
Mar 31, 2022
AI
Morgan Franklin of The Morgan Franklin Group facilitated the sale of a condo located at 160 W Seventh St in Boston, MA. The transaction took place on 04/01/2022 for a sale price of $1,490,000. The condo has a total area of 2,000 square feet, resulting in a cost per square foot of $745.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,490,000
- Address: 160 W Seventh St, Boston, MA
- Brokers: Morgan Franklin - The Morgan Franklin Group
- Square Footage: 2,000
- Cost per Square Foot: $745
This transaction was successfully facilitated by Morgan Franklin of The Morgan Franklin Group. They played a key role in connecting the buyer and seller, ensuring a smooth and efficient sale process for the condo at 160 W Seventh St in Boston, MA.
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
10.65%
Cash-on-Cash
-3.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93