Coldwell Banker Realty - Back Bay Represents Seller In $3.75M Multifamily Sale On Commercial St, Boston
SOLD
$3,750,000
Massachusetts
See Similar DealsMultiFamily6,623 SF
Sold 07/19/2021
SOLD
Coldwell Banker Realty - Back Bay Represents Seller In $3.75M Multifamily Sale On Commercial St, Boston
150 Commercial Street
See Similar DealsMultiFamily6,623 SF
Sold 07/19/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$566
Total Square Footage:6,623 SF
Transaction Type:Sale
The multifamily property located at 150 Commercial St in Boston, MA was recently sold. The sale took place on 07/19/2021, with a sale price of $3,750,000. The property spans a total of 6,623 square feet, resulting in a price per square foot of $566.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Date: 07/19/2021
- Address: 150 Commercial St
- Market: Boston, MA
- Seller's Representative: Jonathan Radford - Coldwell Banker Realty - Back Bay
- Buyer's Representative: Barron & Tiberi - Core Property Group, LLC
The transaction involved several key individuals and companies. The seller was represented by Jonathan Radford from Coldwell Banker Realty - Back Bay, while the buyer was represented by Barron & Tiberi from Core Property Group, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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