Pier 4PHF Realty Trust Acquires Condo In Boston, MA For $5.5M
SOLD
$5,495,000
Massachusetts
See Similar Deals1,807 SF
Sold 09/07/2021
SOLD
Pier 4PHF Realty Trust Acquires Condo In Boston, MA For $5.5M
300 Pier 4 Boulevard, Boston, MA 02210, USA
See Similar Deals1,807 SF
Sold 09/07/2021
Summary
MASSACHUSETTS
Price Per Square Foot:$3,041
Total Square Footage:1,807 SF
Transaction Type:Sale
A condo located at 300 Pier 4 Blvd in Boston, MA has been sold in a recent transaction. The property, captured in an image by Vincent Rizzo, was acquired by Pier 4PHF Realty Trust from the seller, Tishman Speyer.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,495,000
- Address: 300 Pier 4 Blvd, Boston, MA
- Square Footage: 1,807
- Price per Square Foot: $3,041
The deal was facilitated by Vincent Rizzo from Keller Williams Boston-Metro, who represented the buyer, Pier 4PHF Realty Trust, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,522.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,049.10
Annual Debt Service$312,589.24
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