Updated Oct 29, 2024
Chiara Degani Acquires Condo In Boston For $497,000
71 Savin Street, Boston, Massachusetts, USA
$497,000
$466/SF
Building Size
1,065 SF
Asset Type
—
Closing
Feb 21, 2021
About this deal
AI
The property involved in this transaction is a condo located at 71 Savin Street, Boston, MA. The condo has a total area of 1,065 square feet. The sale of the condo was completed on February 22, 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $497,000
The seller in this transaction was Edge Real Estate Investments, while the buyer was Chiara Degani. The deal was facilitated by brokers Jeff Similien and Laura Similien of Boston Trust Realty Group.
The property was listed at an asking price of $519,000, and the final sale price was negotiated to $497,000. The price per square foot for this transaction was $467.
Players
Boston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $466 per square foot on a published $497K for 1,065 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
31.92%
Cash-on-Cash
-9.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93