Updated Oct 29, 2024
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.
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
4.88%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93