Updated Dec 20, 2023
National Development Acquires West Roxbury Multifamily For $41.8M
1235 VFW Pkwy, West Roxbury, MA 02132, USA
$41,761,800
$401/SF
Building Size
104,000 SF
Asset Type
MultiFamily
Closing
Apr 13, 2020
About this deal
AI
The multifamily property located at 1235-1237 VFW Parkway in West Roxbury has been sold for a price of $41,761,800. The property spans a total area of 104,000 square feet, resulting in a price per square foot of $401. It consists of 80 units, with an average price per unit of $522,022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $41,761,800
- Address: 1235-1237 VFW Parkway, West Roxbury
- Market: West Roxbury
- Total Square Footage: 104,000
- Price per Square Foot: $401
- Total Units: 80
- Price per Unit: $522,022
The seller of the property was EA Fish Development, represented by Matthew W. Mittelstadt of Luzern Associates LLC. The buyer was National Development, represented by Tom Alperin and Ted Tye.
On the Map
$41,761,800
$401/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93