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1566 Tremont Street, Roxbur...

360 Realty LLC Acquires Multifamily Property On Tremont St In Boston, MA For $2.375M
SOLDMultiFamily

360 Realty LLC Acquires Multifamily Property On Tremont St In Boston, MA For $2.375M

1566 Tremont Street, Roxbury, Massachusetts 02120, United States

$2,375,000

$790/SF

Building Size

3,003 SF

Asset Type

MultiFamily

Closing

Apr 7, 2022

AI

A multifamily property located at 1566 Tremont St in Boston, MA, has been sold for a total price of $2,375,000. The property encompasses 3,003 square feet, resulting in a price per square foot of $791. The transaction took place on April 8, 2022, and the sale was represented by Ryan Will of 360 Realty LLC on behalf of the buyer and Eric Johnson of Compass on behalf of the seller.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $2,375,000
  • Location: 1566 Tremont St, Boston, MA
  • Size: 3,003 square feet
  • Price Per Square Foot: $791
  • Buyer's Representative: Ryan Will - 360 Realty LLC
  • Seller's Representative: Eric Johnson - Compass

The sale of this multifamily property on Tremont St was facilitated by Ryan Will of 360 Realty LLC, who represented the buyer, and Eric Johnson of Compass, who represented the seller. This transaction highlights the involvement of these professionals in the Boston real estate market.

Players

Eric Johnson

Compass

Broker

$34.4M

vol

17 deals

Broker

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

6.68%

Cash-on-Cash

-1.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93