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21 W Cedar St #1 Boston, MA...

Steve Ko Acquires Boston Condo On West Cedar Street From Jon Hanem In $2.8M Deal With Buyer's Rep Morgan Franklin - Coldwell Banker
SOLDCondo

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

$2,800,000

$970/SF

Building Size

2,884 SF

Asset Type

Condo

Closing

Jul 5, 2023

AI

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.

Players

Morgan Franklin

Coldwell Banker

Broker

$41.3M

vol

22 deals

Broker

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93