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4 Battery Wharf, Boston, MA...

Updated Dec 18, 2023

Chinatti Realty Group Acquires Condo In Boston For $1.5M
SOLD

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

Ryan Nickerson

Broker

$2.8M

vol

2 deals

Broker

Boston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $1.5M for 1,223 square feet (2021).

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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

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