Andy Constantin Acquires Multifamily Property On Boston's Commercial Street
150 Commercial Street
$3,750,000
$566/SF
Building Size
6,623 SF
Asset Type
MultiFamily
Closing
Jul 16, 2021
AI
The multifamily property located at 150 Commercial Street in Boston, MA was recently sold in a closed transaction. The sale took place on 07/16/2021 with an asking price of $3,900,000 and a final sale price of $3,750,000. The property spans 6,623 square feet, resulting in a price per square foot of $566. It consists of 5 units, with a price per unit of $750,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Address: 150 Commercial Street, Boston, MA
- Market: Boston, MA
- Seller: Karen Cangiano
- Buyer: Andy Constantin
- Buyer's Representative: Giancarlo Tiberi & Zach Barron - Core Property Group
Giancarlo Tiberi and Zach Barron from Core Property Group represented the buyer, Andy Constantin, in the transaction. They played a crucial role in ensuring a successful deal for their client.
Players
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93