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
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