Boiselle Family Acquires Condo On Joy Street, Boston For $2.5M
3 Joy Street, Boston, MA 02108, USA
$2,500,000
$1,685/SF
Building Size
1,483 SF
Asset Type
—
Closing
Jan 4, 2021
AI
The recently closed property transaction involves a condominium located at 3 Joy Street in Boston, MA. The condo, captured in a photo by Mark Doherty, was sold on January 5, 2021. The asset consists of four units and spans a total of 1,483 square feet, resulting in a price per square foot of $1,686. The sale price for the property was $2,500,000, slightly lower than the initial asking price of $2,750,000. The buyer of the condo is the Boiselle Family, while the seller is Christopher Kelly, representing Insight Partners. Acting as the broker for the deal was Mark Doherty from Campion & Company.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,500,000
- Address: 3 Joy Street, Boston, MA
- Photo by: Mark Doherty
- Date: 01/05/2021
- Total Square Footage: 1,483
- Price per Square Foot: $1,686
- Units: 4
The successful sale of this condominium involved the buyer, the Boiselle Family, and the seller, Christopher Kelly, who represented Insight Partners. The transaction was facilitated by broker Mark Doherty from Campion & Company. The property's features, including the address, square footage, and sale price, were already mentioned in the previous paragraph, so there is no need to revisit these details.
Players
Boston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93