facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

All

/

Sale

/

242 Beacon Street, Boston, ...

Updated Oct 29, 2024

DC Trust Acquires Back Bay Condo On Beacon Street For $3.2M
SOLD

DC Trust Acquires Back Bay Condo On Beacon Street For $3.2M

242 Beacon Street, Boston, MA, USA

$3,249,000

$1,624/SF

Building Size

2,000 SF

Asset Type

Closing

Apr 15, 2021

About this deal

AI

The recently sold property in Back Bay, MA is a stunning 2,000 square foot condo located at 242 Beacon Street PH. The sale took place on 04/16/2021, and the property was sold for the asking price of $3,249,000. The seller, PG LLC, agreed to the offer made by the buyer, DC Trust. The transaction was facilitated by The Morgan Franklin Group, who represented both parties in the deal.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,249,000
  • Address: 242 Beacon Street PH, Back Bay, MA
  • Market: Back Bay, MA

This successful sale was completed in just six days, with the property being sold at the full asking price. The price per square foot for the condo was $1,625. The quick sale and full asking price reflect the desirability of this property in the Back Bay area.

Players

Morgan Franklin

Coldwell Banker

Broker

$41.3M

vol

22 deals

Broker

Boston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Deal FAQ

About $1.6K per square foot on a published $3.2M for 2,000 square feet (2021).

Visit Morgan Franklin to view all their deals.

Browse Massachusetts sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.88%

Cash-on-Cash

-1.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets