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10 Geneva Street

Crest City Capital Acquires Development Site In Boston, MA For $1.52M
SOLDDevelopment Site

Crest City Capital Acquires Development Site In Boston, MA For $1.52M

10 Geneva Street

$1,520,000

Building Size

Asset Type

Development Site

Closing

Dec 7, 2022

AI

A development site located at 10 Geneva Street in Boston, MA has been sold for a total price of $1,520,000. The buyer of the property is Crest City Capital, while the seller is Yebba, Manager. The deal was facilitated by Collin Bray from Century 21, who represented the buyer, and Nico Longo, who acted on behalf of the seller.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,520,000
  • Address: 10 Geneva Street, Boston, MA
  • Market: Boston, MA
  • Note: Permitted land site for 7 condos and 7 parking spaces

This transaction involved the purchase of a development site with the potential to accommodate 7 condominium units and 7 parking spaces. The property is situated at 10 Geneva Street in Boston, MA. The buyer, Crest City Capital, was represented by Collin Bray from Century 21, while Nico Longo acted as the seller's representative.

Players

Collin Bray

Century 21

Broker

$26.6M

vol

9 deals

Broker
CC
Crest City CapitalBuyer

Boston Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.44%

Cash-on-Cash

-2.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93