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459 Massachusetts Avenue, B...

Brian Lynch Acquires Condo At 459 Massachusetts Ave, Boston, MA For $1M
SOLD

Brian Lynch Acquires Condo At 459 Massachusetts Ave, Boston, MA For $1M

459 Massachusetts Avenue, Boston, Massachusetts, USA

$1,000,000

$638/SF

Building Size

1,567 SF

Asset Type

Closing

Sep 17, 2021

AI

A condo located at 459 Massachusetts Ave in Boston, MA has been sold in a recent transaction. The property, with a total area of 1,567 square feet, was sold for a price of $1,000,000. The sale was completed on September 17, 2021. The condo is situated in a prime location on Massachusetts Ave.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,000,000
  • Address: 459 Massachusetts Ave, Boston, MA
  • Square Footage: 1,567

The buyer of the condo is Brian Lynch, while the seller is 459 Mass Tr. The deal was facilitated by Vincent R.W. Rizzo III from Keller Williams Boston-Metro, representing the buyer, and Beth Damon from Donnelly & Co, representing the seller.

This transaction demonstrates the demand for condos in the Boston area, with the property selling at the asking price of $1,000,000. Both the buyer and the seller had professional representation to ensure a smooth and successful transaction.

Players

Vincent Rizzo

Douglas Elliman

Broker

$15.7M

vol

7 deals

Broker

Boston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93