Updated Oct 29, 2024
Weston Associates Secures $81.8M Loan For Multifamily Property On Stuart Street - Boston, MA
230 Stuart St, Boston, MA 02116, USA
$81,800,000
$8,019/SF
Building Size
10,200 SF
Asset Type
MultiFamily
Closing
Oct 8, 2020
About this deal
AI
The multifamily property located at 230 Stuart Street in Boston, MA was involved in a closed transaction on October 9, 2020. This property consists of 231 units and has a total square footage of 10,200. The transaction details include a loan amount of $81,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $81,800,000
- Address: 230 Stuart Street
- Market: Boston, MA
- Borrower: Weston Associates
- Lender: Rockport Mortgage Corp
- SF: 10,200
- Units: 231
Weston Associates served as the borrower for this transaction, while Rockport Mortgage Corp acted as the lender. Both parties played key roles in facilitating the deal for the multifamily property at 230 Stuart Street in Boston.
On the Map
$81,800,000
$8,019/SF
MultiFamily
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Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93