Tina Endicott Acquires Development Property In Charlestown For $2.1M
SOLD
$2,100,000
Massachusetts
See Similar DealsDevelopment Site5,319 SF
Sold 09/24/2021
SOLD
Tina Endicott Acquires Development Property In Charlestown For $2.1M
9 Eden Street, Charlestown, Boston, Massachusetts, USA
See Similar DealsDevelopment Site5,319 SF
Sold 09/24/2021
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$394
Total Square Footage:5,319 SF
Transaction Type:Sale
Located at 9 Eden Street in Charlestown, MA, this development property was recently sold in a closed transaction. The property spans 5,319 square feet and features a total selling price of $2,100,000, resulting in a price per square foot of $395.
Summary of transation details
- Property Type: Development
- Transaction Amount: $2,100,000
- Address: 9 Eden Street, Charlestown, MA
- Market: Charlestown, MA
- Buyer: Tina Endicott
- Seller: Julian Lewis
- Brokers: Ryan Taylor & Justin Pepple - Fortune Realty
- Square Footage: 5,319
- Price per Square Foot: $395
The deal was facilitated by the brokers Ryan Taylor and Justin Pepple from Fortune Realty. They represented both the buyer, Tina Endicott, and the seller, Julian Lewis, in this transaction. The property's sale price and square footage make it a noteworthy acquisition for the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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