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
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
12.79%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93