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
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