Updated Oct 28, 2024
Havre St Apartments Llc Acquires Multifamily Property In East Boston For $1.2M
120 London St, East Boston, Boston, Massachusetts, USA
$1,200,000
$358/SF
Building Size
3,344 SF
Asset Type
MultiFamily
Closing
Jul 1, 2021
About this deal
AI
The multifamily property located at 120 London St in East Boston, MA has been sold in a recent transaction. The property spans approximately 3,344 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $359. It consists of a total of 5 units, with each unit priced at $240,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 120 London St, East Boston, MA
- Market: East Boston, MA
- Seller: Cecilia Zabaleta
- Buyer: Havre St Apartments Llc
- Square Footage: 3,344
- Price per Square Foot: $359
- Number of Units: 5
- Price per Unit: $240,000
Cecilia Zabaleta served as the seller in this transaction, while Havre St Apartments Llc acted as the buyer. The sale of this multifamily property highlights the active real estate market in East Boston, MA.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93