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H Paul Acquires Condo On Causeway Street In Boston

Property Image
SOLD
$2,250,000

Massachusetts

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Condo2,212 SF
Sold 05/11/2023
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Property Image
SOLD

H Paul Acquires Condo On Causeway Street In Boston

234 Causeway Street Boston, Massachusetts 02114, USA

See Similar Deals
Condo2,212 SF
Sold 05/11/2023
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Summary

MASSACHUSETTS
Asset Type:Condo
Price Per Square Foot:$1,017
Total Square Footage:2,212 SF
Transaction Type:Sale

H Paul has successfully acquired the 2,212-square-foot condominium located at 234 Causeway Street in Boston. The historic unit, built in 1899, was sold for a total purchase price of $2,250,000, amounting to $1,017 per square foot. The transfer of ownership from Christopher Kelly and Kristina Kelly to H Paul was finalized on May 11.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,250,000
  • Address: 234 Causeway Street
  • Market: Boston, MA
  • SF: 2,212
  • PPSF: $1,017
  • Buyer: H Paul
  • Seller: Christopher Kelly & Kristina Kelly

The successful acquisition of the unit at 234 Causeway Street in Boston was made possible by H Paul. The deal marks the transfer of ownership from the sellers, Christopher Kelly and Kristina Kelly, to H Paul. With a purchase price of $2,250,000, the historic condominium with 2,212 square feet of space was sold at a rate of $1,017 per square foot. The transaction was finalized on May 11.

Players

2 deals$4.8M volume
SELLER

Details

SOLD
IMAGE: 05/11/2023 ADDRESS: 234 Causeway Street MARKET: Boston, MA ASSET TYPE: Condo BUYER: H Paul SELLER: Christopher Kelly & Kristina Kelly SALE PRICE: $2,250,000 SF: 2,212 ~ PPSF: $1,017 NOTE: H Paul has successfully acquired the 2,212-square-foot condominium located at 234 Causeway Street in Boston. The historic unit, built in 1899, was sold for a total purchase price of $2,250,000, amounting to $1,017 per square foot. The transfer of ownership from Christopher Kelly and Kristina Kelly to H Paul was finalized on May 11.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
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