Updated Oct 29, 2024
SBRE Ventures Acquires Multifamily Property In Boston, MA For $550,000
15 Warwick Street, Boston, Massachusetts, USA
$550,000
$377/SF
Building Size
1,457 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
About this deal
AI
Located at 15 Warwick Street in Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans 1,457 square feet and was sold for a price of $550,000, resulting in a price per square foot of $377. The deal was facilitated off-market between the direct buyer, SBRE Ventures, and the seller, Sam Bowen.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $550,000
- Square Footage: 1,457
- Price Per Square Foot: $377
- Address: 15 Warwick Street, Boston, MA
- Market: Boston, MA
- Seller: Sam Bowen
- Buyer: SBRE Ventures
- Broker: Morgan Franklin
The sale of this property was made possible through the representation of Morgan Franklin from SBRE Ventures. This transaction was a direct off-market deal between the buyer and the seller, showcasing the efficiency of their collaboration.
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
28.84%
Cash-on-Cash
-8.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93