Updated Dec 21, 2023
Greenway Realty Group, LLC Acquires Multifamily Property In Boston For $2.5M
14 Cleveland Place, Boston, Massachusetts 02113, United States
$2,525,000
$696/SF
Building Size
3,628 SF
Asset Type
MultiFamily
Closing
Sep 28, 2022
About this deal
AI
This multifamily property located at 14 Cleveland Pl in Boston, MA was recently sold in a closed transaction on September 29, 2022. The property spans a total of 3,628 square feet and was sold for $2,525,000, resulting in a price per square foot of $696.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,525,000
- Address: 14 Cleveland Pl, Boston, MA
- Market: Boston, MA
The buyer in this transaction was represented by Scimeca/Ventresca from Greenway Realty Group, LLC, while Olivia Scimeca from Greenway Realty Group, LLC represented the seller. Their expertise helped facilitate the successful completion of this sale.
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