Updated Dec 20, 2023
Marcus & Millichap Brokers Sell Boston Multifamily On Prince St For $4M
116-122 Prince Street, Boston, Massachusetts 02113, United States
$4,000,000
Units
8
Asset Type
MultiFamily
Closing
Jul 21, 2022
About this deal
AI
The multifamily property located at 116-122 Prince St in Boston, MA has been sold for $4,000,000. The property consists of 8 units, resulting in a price per unit of $500,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 116-122 Prince St, Boston, MA
- Units: 8
- Price Per Unit: $500,000
The sale of this property was facilitated by Tony Pepdjonovic, Evan Griffith, and Brendan Forauer from Marcus & Millichap. They served as the brokers in this transaction.
Players
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93