Groma Realty, LLC Acquires Multifamily Property On Tremont St In Boston, MA For $5.7M
1536 Tremont Street, Roxbury, Massachusetts 02120, United States
$5,700,000
$458/SF
Building Size
12,443 SF
Asset Type
MultiFamily
Closing
Aug 3, 2022
AI
Located at 1536-1542 Tremont St in Boston, MA, this multifamily property has recently been sold. The property spans over 12,443 square feet and was sold for a total of $5,700,000, resulting in a price per square foot of $453.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,700,000
- Square Footage: 12,443
- Price per Square Foot: $453
- Address: 1536-1542 Tremont St, Boston, MA
- Market: Boston, MA
Michael Rosenstein from Groma Realty, LLC represented the buyer in this transaction, while Ed McGonagle from William Raveis R.E. & Home Services represented the seller.
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93