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.
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