Updated Oct 28, 2024
Vic Llc Acquires Condo In Boston, MA For $1.35M
2 W 6th St, Boston, MA, USA
$1,350,000
$642/SF
Building Size
2,100 SF
Asset Type
—
Closing
Nov 5, 2021
About this deal
AI
An iconic condo located at 2 W 6th St in Boston, MA has been sold in a closed transaction deal. The property is a spacious 2,100 square feet and boasts a prime location in the city.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,350,000
- Asking Price: $1,445,900
- Price per Square Foot: $643
- Buyer: Vic LLC
- Seller: Eric Schneider
- Broker: Morgan Franklin - The Morgan Franklin Group - Coldwell Banker Realty
The property was purchased by Vic LLC, with Eric Schneider acting as the seller. Morgan Franklin from The Morgan Franklin Group at Coldwell Banker Realty represented both parties involved in this successful transaction. The sale price reached a final agreement of $1,350,000, which was slightly below the initial asking price of $1,445,900. With a size of 2,100 square feet, the property's price per square foot equates to $643.
Players
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93