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46 Rutland Square, Boston, ...

Maurice Steinman Acquires Condo In Boston, MA For $1.675M With Buyer's Rep Vincent Rizzo & Seller's Rep Michael Harper
SOLD

Maurice Steinman Acquires Condo In Boston, MA For $1.675M With Buyer's Rep Vincent Rizzo & Seller's Rep Michael Harper

46 Rutland Square, Boston, MA, USA

$1,675,000

$1,500/SF

Building Size

1,116 SF

Asset Type

Closing

Mar 29, 2020

AI

The condominium located at 46 Rutland Square in Boston, MA was recently sold in a closed transaction. The property, which has a square footage of 1,116, was listed for sale with an asking price of $1,625,000.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,675,000

The seller of the condominium was William Schroeder, while the buyer was Maurice Steinman. Representing the seller was Michael Harper from MGS Group, and representing the buyer was Vincent Rizzo from Keller Williams Boston-Metro. The sale price of the property was $1,675,000, resulting in a price per square foot of $1,501.

Players

Vincent Rizzo

Douglas Elliman

Broker

$15.7M

vol

7 deals

Broker

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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93