Updated Oct 28, 2024
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
About this deal
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.
The commercial sale at 5 Grimes Street, South Boston Naval Annex, Massachusetts 02127, United States in South Boston, Massachusetts sold for $712K in 2022. The building is 1,200 square feet, implying about 593 per square foot on the published price. Morgan Franklin, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the South Boston, Massachusetts file for the 5 Grimes Street, South Boston Naval Annex, Massachusetts 02127, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same South Boston sit in the Market section below. Filter that South Boston commercial set by closing date to see what else sold near 5 Grimes Street, South Boston Naval Annex, Massachusetts 02127, United States around 2022. Published consideration for 5 Grimes Street, South Boston Naval Annex, Massachusetts 02127, United States is $712K, dated 2022. Cite this Hdt Acquires Condo At 5 Grimes St In Boston For $712K sale when underwriting similar commercial product around South Boston, Massachusetts.
South Boston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Morgan Franklin to view all their deals.
Browse Massachusetts sales on Traded.
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