Merve Erdogan Acquires Boston Condo Unit For $849,000
SOLD
$849,000
Massachusetts
See Similar Deals865 SF
Sold 04/20/2022
SOLD
Merve Erdogan Acquires Boston Condo Unit For $849,000
45 W Third St Unit 221, Boston, MA 02127
See Similar Deals865 SF
Sold 04/20/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$981
Total Square Footage:865 SF
Transaction Type:Sale
A condo unit located at 45 W 3rd St Unit 221 in Boston, MA has been sold in a transaction that closed on 04/20/2022. The property was purchased by Merve Erdogan from the seller, George Papachristos, for a sale price of $849,000. The condo spans across an area of 865 square feet and has a price per square foot of $982.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $849,000
- Market: Boston, MA
- Buyer: Merve Erdogan
- Seller: George Papachristos
- Brokers: Craig Brody - Douglas Elliman & Katie Gellenbeck - Engel & Völkers
The deal was facilitated by Craig Brody from Douglas Elliman and Katie Gellenbeck from Engel & Völkers, who represented the buyer and seller respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$45,280.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,016.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,024.69
Annual Debt Service$48,296.32
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