Updated Oct 28, 2024
1 Otis Place Multifamily Sells For $6.6M To 1 Otis Place LLC
1 Otis Place, Boston, Massachusetts, USA
$6,595,000
$1,046/SF
Building Size
6,300 SF
Asset Type
MultiFamily
Closing
May 4, 2021
About this deal
AI
1 Otis Place, a multifamily property located in Boston, MA, has been sold in a closed transaction. The property, measuring approximately 6,300 square feet, was sold for a total price of $6,595,000, resulting in a price per square foot of $1,047.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,595,000
- Address: 1 Otis Place, Boston, MA
The seller of the property was Daniel A. Mullin and Mary J. Swiggett. On the other hand, the buyer was 1 Otis Place LLC.
Please note that no additional information regarding the transaction was provided.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.41%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93