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45 W Third St Unit 221, Bos...

Merve Erdogan Acquires Boston Condo Unit For $849,000
SOLD

Merve Erdogan Acquires Boston Condo Unit For $849,000

45 W Third St Unit 221, Boston, MA 02127

$849,000

$981/SF

Building Size

865 SF

Asset Type

Closing

Apr 19, 2022

AI

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:

The deal was facilitated by Craig Brody from Douglas Elliman and Katie Gellenbeck from Engel & Völkers, who represented the buyer and seller respectively.

Players

Craig Brody

Douglas Elliman

Broker

$75M

vol

16 deals

Broker

South 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

18.68%

Cash-on-Cash

-5.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93