Updated Dec 21, 2023
Core Property Group Acquires Multifamily In Boston For $3.08M
247 L St
Units
3,080,000
Asset Type
—
Closing
Jul 8, 2022
About this deal
AI
The multifamily property located at 247 L St in Boston, MA has been sold in a recent transaction. The property consists of 3 units and spans approximately 5,754 square feet. The sale price for this transaction was $3,080,000, equating to a price per unit of $1,026,667 and a price per square foot of $535.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,080,000
- Units: 3
- Price per Unit: $1,026,667
- Square Footage: 5,754
- Price per Square Foot: $535
Zach Barron from Core Property Group represented the buyer in this transaction, while Foley Federico and John Federico from the Foley/Federico Team represented the seller.
Players
Boston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93