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3 Joy Street, Boston, MA 02...

Boiselle Family Acquires Condo On Joy Street, Boston For $2.5M
SOLD

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

Mark Doherty

Broker

$7.8M

vol

2 deals

Broker

Christopher Kelly

Seller

$4.8M

vol

2 deals

Seller

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