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.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93