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247 L St

Updated Dec 21, 2023

Core Property Group Acquires Multifamily In Boston For $3.08M
SOLD

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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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

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