Updated Dec 20, 2023
Greg Segnini Acquires Multifamily Property In Boston, MA For $1.18M
51 Monmouth St
Units
1,180,000
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
Located at 51 Monmouth St in Boston, MA, this property is a multifamily asset that was recently sold. With a sale price of $1,180,000, the property consists of 3 units, equating to an average price per unit of $393,333. The total square footage of the property is 3,655, resulting in a price per square foot of $323.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Units: 3
- Price per Unit: $393,333
- Square Footage: 3,655
- Price per Square Foot: $323
- Address: 51 Monmouth St, Boston, MA
- Market: Boston, MA
The buyer of this property is Greg Segnini, represented by Randy Pomfret from Sotheby's International Realty. On the other hand, the seller is Erik Fordyce, with Ryan Taylor from Coldwell Banker acting as the seller's representative in the deal.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93