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147-149 Charles St, Boston,...

Chaz Fisher Acquires Multifamily Property On Charles St In Boston, MA For $8.3M
SOLDMultiFamily

Chaz Fisher Acquires Multifamily Property On Charles St In Boston, MA For $8.3M

147-149 Charles St, Boston, Massachusetts, USA

$8,300,000

$1,070/SF

Building Size

7,755 SF

Asset Type

MultiFamily

Closing

Oct 6, 2021

AI

Located at 147-149 Charles St in Boston, MA, this multifamily property was recently sold for a total price of $8,300,000. The transaction took place on 10/06/2021 and involved a total of 7 units, resulting in a per unit price of $1,185,714. The property spans across 7,755 square feet, with a price per square foot of $1,070.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,300,000
  • Address: 147-149 Charles St, Boston, MA
  • Market: Boston, MA
  • Units: 7
  • Price per Unit: $1,185,714
  • Square Footage: 7,755
  • Price per Square Foot: $1,070

Chaz Fisher was the buyer in this transaction, while Fred Starikov acted as the seller. The sale of this property represents a significant deal in the multifamily market of Boston, MA, further showcasing the strong demand and activity in the real estate industry. Both parties involved in the transaction can be attributed to the successful outcome, exemplifying their expertise in the field of real estate.

Players

Fred Starikov

City Realty Group

Broker

$66.7M

vol

12 deals

Broker
Fred Starikov

Fred Starikov

Seller

$66.7M

vol

12 deals

Seller

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93