Updated Dec 21, 2023
LAER Realty Partners Acquires Multifamily Property In Boston For $1.31M
1398 River St, Boston, Massachusetts, USA
$1,310,000
$304/SF
Building Size
4,308 SF
Asset Type
MultiFamily
Closing
Jun 23, 2021
About this deal
AI
A multifamily property located at 1398 River St in Boston, MA was recently sold for a price of $1,310,000. The property spans 4,308 square feet, resulting in a price per square foot of $304.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Address: 1398 River St, Boston, MA
- Market: Boston, MA
- Seller's Representative: Jon Shilalis - Shilalis Real Estate
- Buyer's Representative: Stacey Clews - LAER Realty Partners
- Square Footage: 4,308
- Price per Square Foot: $304
The seller was represented by Jon Shilalis from Shilalis Real Estate, while the buyer was represented by Stacey Clews from LAER Realty Partners. This transaction took place on June 24, 2021.
On the Map
$1,310,000
$304/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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93