Steve Ko Acquires Boston Condo On West Cedar Street From Jon Hanem In $2.8M Deal With Buyer's Rep Morgan Franklin - Coldwell Banker
SOLD
$2,800,000
Massachusetts
See Similar DealsCondo2,884 SF
Sold 07/05/2023
SOLD
Steve Ko Acquires Boston Condo On West Cedar Street From Jon Hanem In $2.8M Deal With Buyer's Rep Morgan Franklin - Coldwell Banker
21 W Cedar St #1 Boston, MA 02108, USA
See Similar DealsCondo2,884 SF
Sold 07/05/2023
Summary
MASSACHUSETTS
Asset Type:Condo
Price Per Square Foot:$970
Total Square Footage:2,884 SF
Transaction Type:Sale
A 2,884 square foot condo located at 21 West Cedar Street in Boston, MA has been sold for $2,800,000. This property was listed as a Condo in the market. The price per square foot was $971.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,800,000
- Address: 21 West Cedar Street
- Market: Boston, MA
- Buyer: Steve Ko
- Seller: Jon Hanem
- Buyer's Representative: Morgan Franklin - Coldwell Banker
- Square Footage: 2,884
- Price per Square Foot: $971
Steve Ko was the buyer in this transaction, while Jon Hanem was the seller. The buyer's representative in the deal was Morgan Franklin from Coldwell Banker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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