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13 Margaret Street, Boston,...

Anit Patel Acquires 4-Unit Multifamily Property In Boston, MA For $2.5M
SOLDMultiFamily

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

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.

Players

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker
Torrington Properties
Torrington PropertiesSeller

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