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241 West Newton Street, Bos...

241 W Newton Street LLC Acquires 9-Unit Multifamily In Boston From Bill Doyle For $4.06M
SOLDMultiFamily

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

$4,060,000

$1,015/SF

Building Size

4,000 SF

Asset Type

MultiFamily

Closing

May 1, 2022

AI

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

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.

Players

Jason Weissman

Boston Realty Advisors

Broker

$340.2M

vol

16 deals

Broker

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

3.91%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93