Leocorno LLC Purchases Condo From Davis Company In Boston For $2.1 Million
SOLD
$2,100,000
Massachusetts
See Similar DealsCondo
Sold 10/15/2024
SOLD
Leocorno LLC Purchases Condo From Davis Company In Boston For $2.1 Million
100 Shawmut Ave.
See Similar DealsCondo
Sold 10/15/2024
Summary
MASSACHUSETTS
Asset Type:Condo
Transaction Type:Sale
The property involved in this transaction is a condominium located at 100 Shawmut Ave., Boston. The asset has been sold for a transaction amount of $2,100,000.00.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $2,100,000.00
- Buyer: Leocorno LLC
- Seller: Davis Company
- Date of Sale: 10/15/2024
- Brokers: Jaimi Meuse - Red Tree Real Estate, Alexandra Lyons
Leocorno LLC has completed the purchase from Davis Company, with the representation from brokers Jaimi Meuse of Red Tree Real Estate and Alexandra Lyons. This transaction took place in the Boston market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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