Updated Oct 28, 2024
Anit Patel Acquires 4-Unit Multifamily Property In Boston, MA For $2.5M
13 Margaret Street, Boston, Massachusetts 02113, United States
$2,525,000
$655/SF
Building Size
3,850 SF
Asset Type
MultiFamily
Closing
Jul 31, 2022
About this deal
AI
Anit Patel has purchased a multifamily property located at 13 Margaret St in Boston, MA. The property consists of 4 units with a total square footage of 3,850. The sale price for this transaction was $2,525,000, resulting in a price per unit of $631,250 and a price per square foot of $656.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,525,000
- Address: 13 Margaret St, Boston, MA
- Market: Boston, MA
- Buyer: Anit Patel
- Seller: Torrington Properties
- Buyer's Rep: Antonia Monarski
- Seller's Rep: John Federico - Foley/Federico Team Greater Metropolitan Real Estate
- Units: 4
- Price per Unit: $631,250
- Square Footage: 3,850
- Price per Square Foot: $656
Ryan Foley and John Federico are the individuals involved in representing the property in this transaction, with John Federico serving as the representative for the seller, Torrington Properties.
On the Map
$2,525,000
$655/SF
MultiFamily
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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
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93