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10 Wellington Street, Bosto...

Fairfield Realty Brokers $2.55M Sale Of Multifamily Property On Wellington St
SOLDMultiFamily

Fairfield Realty Brokers $2.55M Sale Of Multifamily Property On Wellington St

10 Wellington Street, Boston, Massachusetts 02118, United States

$2,550,000

$775/SF

Building Size

3,290 SF

Asset Type

MultiFamily

Closing

Jun 16, 2022

AI

Located at 10 Wellington St in Boston, MA, this multifamily property was recently sold in a closed transaction. The sale was facilitated by broker Paul Gleason from Fairfield Realty. The property spans a total of 3,290 square feet, with each square foot valued at $775. The transaction closed on June 17, 2022, with a sale price of $2,550,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,550,000
  • Location: 10 Wellington St, Boston, MA
  • Broker: Paul Gleason - Fairfield Realty
  • Square Footage: 3,290
  • Price Per Square Foot: $775

This transaction showcases the expertise of Paul Gleason from Fairfield Realty in successfully representing the parties involved in the deal. It highlights the strong demand for multifamily properties in the Boston market, with the sale price reflecting the value of this particular property. The successful closing of the transaction on June 17, 2022, is a testament to the skills and knowledge of the broker and the attractiveness of the asset.

Players

Paul Gleason

Broker

$57.2M

vol

6 deals

Broker

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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93