Hdt Acquires Condo At 5 Grimes St In Boston For $712K
5 Grimes Street, South Boston Naval Annex, Massachusetts 02127, United States
$712,000
$593/SF
Building Size
1,200 SF
Asset Type
—
Closing
Feb 16, 2022
AI
A 1,200 square foot condo located at 5 Grimes St in Boston, MA was recently sold for $712,000. The property was listed by Coldwell Banker and the sale was completed on February 17, 2022. The buyer, Hdt, purchased the condo from the seller, Lelptrust.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $712,000
- Square Footage: 1,200
- Address: 5 Grimes St, Boston, MA
- Market: Boston, MA
Coldwell Banker represented both the buyer and the seller in this transaction.
South 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
22.28%
Cash-on-Cash
-6.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93