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106 West 8th Street, Boston...

Persistence Property Acquires Multifamily Property In Boston, MA For $4.27M
SOLDMultiFamily

Persistence Property Acquires Multifamily Property In Boston, MA For $4.27M

106 West 8th Street, Boston, MA, USA

$4,275,000

$476/SF

Building Size

8,979 SF

Asset Type

MultiFamily

Closing

Aug 11, 2021

AI

106, 108, 110, 112, 114 West 8th Street in Boston, MA recently sold for a total of $4,275,000. This multifamily property spans 8,979 square feet, resulting in a price per square foot of $476. The sale took place on 08/12/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,275,000
  • SF: 8,979
  • PPSF: $476
  • Seller: Michael Brown
  • Buyer: Persistence Property

Collin Bray, a broker from CENTURY 21 Cityside, represented both parties in this transaction. The property was sold by Michael Brown and purchased by Persistence Property. No further details regarding the transaction were provided.

Players

Collin Bray

Century 21

Broker

$26.6M

vol

9 deals

Broker

South 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

3.71%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93