Updated Dec 4, 2024
TQ Realty Inc Acquires Multifamily Property In Boston For $2.22M
14 Atkins Street
$2,218,000
$575/SF
Building Size
3,852 SF
Asset Type
MultiFamily
Closing
Mar 7, 2024
About this deal
AI
A multifamily property located at 14 Atkins Street in Boston, MA, was sold for $2,218,000. The property spans 3,852 square feet with a price per square foot of $576.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,218,000
- Address: 14 Atkins Street
- Market: Boston, MA
- Buyer's Representative: Tianqi Wang, Ph. D - TQ Realty Inc
- Seller's Representative: The Residential Group - William Raveis Real Estate
Tianqi Wang, Ph.D., represented the buyer through TQ Realty Inc in this transaction, while The Residential Group from William Raveis Real Estate represented the seller. The deal involved notable professionals and firms in the Boston real estate market.
Players
Brighton 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
7.15%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93