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
Boston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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