Michael Gibbens And Julie Lassonde Sell Boston Condo For $8.4M With Beth Dickerson And Ethan Goodrich As Brokers
314 Commonwealth Avenue
$8,400,000
$2,454/SF
Building Size
3,422 SF
Asset Type
Condo
Closing
Oct 24, 2024
AI
The property involved in this transaction is a condo located at 314 Commonwealth Avenue in Boston, MA. The sale price of the property was $8,400,000. It has a total area of 3,422 square feet, translating to a price per square foot of $2,454.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,400,000
- Address: 314 Commonwealth Avenue
- Market: Boston, MA
- Square Footage: 3,422
- Price Per Square Foot: $2,454
- Seller: Michael Gibbens & Julie Lassonde
- Buyer’s Representative: Ethan Goodrich - Compass
- Seller’s Representative: Beth Dickerson - Sotheby's International Realty
The key individuals in this transaction include the sellers Michael Gibbens and Julie Lassonde, alongside their representative Beth Dickerson from Sotheby's International Realty. On the buyer's side, Ethan Goodrich from Compass represents the buyer in this closed transaction.
Players
Boston 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93