241 W Newton Street LLC Acquires 9-Unit Multifamily In Boston From Bill Doyle For $4.06M
SOLD
$4,060,000
+ 1
Massachusetts
See Similar DealsMultiFamily4,000 SF
Sold 05/02/2022
SOLD
241 W Newton Street LLC Acquires 9-Unit Multifamily In Boston From Bill Doyle For $4.06M
241 West Newton Street, Boston, Massachusetts 02116, United States
See Similar DealsMultiFamily4,000 SF
Sold 05/02/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,015
Total Square Footage:4,000 SF
Transaction Type:Sale
A multifamily property located at 241 West Newton Street in Boston, MA has recently been sold for a total price of $4,060,000. The property consists of 9 units, with an average price per unit of $451,111. The total square footage of the property is approximately 4,000 square feet, resulting in a price per square foot of $1,015. The transaction took place on 05/02/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,060,000
- Address: 241 West Newton Street, Boston, MA
- Market: Boston, MA
- Buyer: 241 W Newton Street LLC
- Seller: Bill Doyle
- Brokers: Kevin Benzinger, Jason Weissman, Andrew Herald & Nick Herz - Boston Realty Advisors
The sale was facilitated by Kevin Benzinger, Jason Weissman, Andrew Herald, and Nick Herz from Boston Realty Advisors, who represented both the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,424.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,246.47
Annual Debt Service$230,957.66
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