Updated Dec 18, 2023
Chinatti Realty Group Acquires Condo In Boston For $1.5M
4 Battery Wharf, Boston, MA 02109
$1,500,000
$1,226/SF
Building Size
1,223 SF
Asset Type
—
Closing
Sep 8, 2021
About this deal
AI
The recently closed transaction involves a condo located at 4 Battery Wharf in Boston, MA. The property was sold on 09/08/2021, with Ryan Nickerson capturing an image of the condo. The asset, spanning 1,223 square feet, is characterized by its prime waterfront location. The property was listed for $1,650,000 and was sold for $1,500,000, resulting in a price per square foot of $1,226.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,500,000
- Address: 4 Battery Wharf, Boston, MA
- Seller's Representative: Toni Gilardi - The Gilardi Group - Gibson Sotheby's International Realty
- Buyer's Representative: Ryan Nickerson - Chinatti Realty Group
Toni Gilardi, of The Gilardi Group - Gibson Sotheby's International Realty, represented the seller in this transaction. On the other hand, the buyer was represented by Ryan Nickerson from Chinatti Realty Group. The deal not only exhibits the adept negotiations of the respective representatives but also demonstrates the demand for desirable waterfront properties in Boston, MA.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93