Morgan Franklin Group Acquires Back Bay Condo For $2.5M
43 Commonwealth Ave
$2,600,000
$1,225/SF
Building Size
2,122 SF
Asset Type
—
Closing
Jun 14, 2020
AI
A condominium located at 43 Commonwealth Ave in Back Bay has been sold. The property features a total square footage of 2,122 and was sold for a price of $2,525,000. The asking price for this condo was $2,600,000, with a price per square foot of $1,190.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,525,000
- Address: 43 Commonwealth Ave, Back Bay
- Square Footage: 2,122
- Asking Price: $2,600,000
- Price per Square Foot: $1,190
The sale of this condominium was facilitated by Morgan Franklin from The Morgan Franklin Group and Tracy Campion from Campion & Company Fine Homes Real Estate.
Please note that the transaction has been successfully completed.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93