Updated Dec 4, 2024
Michael Slabine & Frank Celeste Facilitate $1.13M Sale Of MultiFamily Asset In East Boston
100 Princeton Street & 102 Princeton Street
$1,135,000
$179/SF
Building Size
3,163 SF
Asset Type
MultiFamily
Closing
Apr 26, 2024
About this deal
AI
A 2-family home at 100-102 Princeton St., Boston, MA 02128, sold for $1,135,000. It offers modern amenities and versatility, with a 3-bedroom unit on the first floor and a 4-bedroom duplex on the second and third levels, making it an ideal investment in East Boston's Eagle Hill neighborhood.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,135,000
- Units: 2
- Price Per Unit: $567,500
- Square Footage: 3,163
- Price Per Square Foot: $359
- Date: 04/26/2024
- Address: 100-102 Princeton Street
- Market: East Boston, MA
Michael Slabine from Keller Williams represented the buyer, while Frank Celeste from Gibson Sotheby's International Realty represented the seller in the transaction.
On the Map
$1,135,000
$179/SF
MultiFamily
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Players
East 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
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93