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401 Beacon Street Boston, M...

Updated Oct 29, 2024

Xiao Wei & Eric Ko Acquire Condo At 401 Beacon Street, Boston From Beacon Llc For $4.7M
SOLDCondo

Xiao Wei & Eric Ko Acquire Condo At 401 Beacon Street, Boston From Beacon Llc For $4.7M

401 Beacon Street Boston, Massachusetts 02115, USA

$4,700,000

Building Size

Asset Type

Condo

Closing

Jul 31, 2023

About this deal

AI

The property at 401 Beacon Street, Boston, was sold to Xiao Wei & Eric Ko by Beacon Llc for a total price of $4,700,000 on July 14, 2023. The condominium, located in a prime location in Boston, offers a spacious living space with three bedrooms and three baths. The property features a flat roof, a fireplace, and is equipped with forced air heating and a cooling system, ensuring comfort for its new owners. With a rate of $1,634 per square foot, this condo presents an excellent investment opportunity.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,700,000
  • Address: 401 Beacon Street
  • Market: Boston, MA
  • Buyer: Xiao Wei & Eric Ko
  • Seller: Beacon Llc

Xiao Wei and Eric Ko are the proud new owners of this stunning condo at 401 Beacon Street. As they bring their personal touch to the property, they look forward to enjoying the comfortable living space and the desirable features it offers. The purchase of this condo demonstrates their commitment to investing in prime real estate in Boston, Massachusetts.

Players

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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