Updated Oct 28, 2024
R W Harkins Ret 2016 & Robert W Harkins Acquire Condo On Commonwealth Ave, Boston For $3.65M
257 Commonwealth Avenue, Boston, Massachusetts 02116, United States
$3,650,000
$1,444/SF
Building Size
2,527 SF
Asset Type
—
Closing
Dec 16, 2021
About this deal
AI
Located at 257 Commonwealth Ave in Boston, MA, this recently sold condo is a noteworthy asset within the real estate market. The property spans 2,527 square feet, offering ample space for residents to enjoy. The sale was completed on December 17, 2021, with a final transaction price of $3,650,000. With a price per square foot of $1,444, this condo reflects a desirable investment opportunity.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $3,650,000
- Address: 257 Commonwealth Ave, Boston, MA
- Square Footage: 2,527
- Price per Square Foot: $1,444
The buyers of this condo were R W Harkins Ret 2016 & Robert W Harkins, who recognized the value and potential of this property. On the other hand, Lens Condo T & Marsha C Alperin acted as the sellers. Their respective representatives actively participated in the transaction, representing the interests of their clients.
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93