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56 Bartlett Street, Boston,...

MIG Acquires Package Deal On Bartlett St In Boston For $1.24M
SOLD

MIG Acquires Package Deal On Bartlett St In Boston For $1.24M

56 Bartlett Street, Boston, Massachusetts 02129, United States

$1,240,000

$337/SF

Building Size

3,671 SF

Asset Type

Closing

Mar 10, 2022

AI

A package deal consisting of two properties located at 56 Bartlett St and 58-60 Bartlett St in Boston, MA, has been sold for a total price of $1,240,000. The combined square footage of the properties is 3,671, resulting in a price per square foot of $338. The transaction took place on March 11, 2022.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $1,240,000
  • Address: 56 Bartlett St & 58-60 Bartlett St, Boston, MA
  • Market: Boston, MA
  • Square Footage: 3,671
  • Price per Square Foot: $338

Hakim Sadler and Jeff Ravelo from MIG represented the parties involved in the deal as brokers.

Players

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 deals

Broker
Boston Trust Realty Group
Boston Trust Realty GroupBrokerage

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

12.79%

Cash-on-Cash

-3.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93