Updated Dec 19, 2023
Andrew Constanine Acquires Multifamily Property For $3.75M In Boston
150-152 Commercial Street, Boston, Massachusetts, USA
$3,750,000
$587/SF
Building Size
6,380 SF
Asset Type
MultiFamily
Closing
Jul 15, 2021
About this deal
AI
The multifamily property located at 150-152 Commercial St in Boston, MA has been sold for $3,750,000. The sale took place on July 16, 2021, and the transaction was facilitated by Terry K. Mond as the counsel. The property spans 6,380 square feet, resulting in a price per square foot of $588. It consists of 5 units, making the price per unit $750,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Address: 150-152 Commercial St, Boston, MA
- Market: Boston, MA
- Counsel: Terry K. Mond
The buyer of the property is Andrew Constanine. They were represented by their own representative in the deal.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93