Michael Gibbens And Julie Lassonde Sell Boston Condo For $8.4M With Beth Dickerson And Ethan Goodrich As Brokers
SOLD
$8,400,000
Massachusetts
See Similar DealsCondo3,422 SF
Sold 10/24/2024
SOLD
Michael Gibbens And Julie Lassonde Sell Boston Condo For $8.4M With Beth Dickerson And Ethan Goodrich As Brokers
314 Commonwealth Avenue
See Similar DealsCondo3,422 SF
Sold 10/24/2024
Summary
MASSACHUSETTS
Asset Type:Condo
Price Per Square Foot:$2,454
Total Square Footage:3,422 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43
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