Updated Dec 4, 2024
Realty Executives Boston West Acquires East Boston Multifamily For $1.22M
11 Thurston Street
$1,220,000
$405/SF
Building Size
3,012 SF
Asset Type
MultiFamily
Closing
Jan 16, 2024
About this deal
AI
In East Boston, MA, a multifamily property located at 11 Thurston Street was sold for $1,220,000. The property spans a total square footage of 3,012 and was acquired at a price per square foot of $405.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Square Footage: 3,012
- Price per Square Foot: $405
- Address: 11 Thurston Street, East Boston, MA
The transaction was facilitated by Al Abbaspour from Realty Executives Boston West, representing the buyer, and Riley Blizard from Greer Real Estate, representing the seller. Their expertise in the real estate market contributed to a successful conclusion of the deal.
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93