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16 Pierpont Road

Anne Kennedy & David Greenwood Close $1.05M Multifamily Sale In Boston, MA
SOLDMultiFamily

Anne Kennedy & David Greenwood Close $1.05M Multifamily Sale In Boston, MA

16 Pierpont Road

$1,050,000

$300/SF

Building Size

3,500 SF

Asset Type

MultiFamily

Closing

May 6, 2024

AI

A multi-family home at 16 Pierpont Rd, Boston, MA, sold for $1,050,000. The property offers prime living in West Roxbury with hardwood floors, fireplaces, and ample living space. It features two units, a large back deck, a paved driveway, and an extra 2,000 sq ft lot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 2
  • Price per Unit: $525,000
  • Square Footage: 3,500
  • Price per Square Foot: $300
  • Address: 16 Pierpont Road, Boston, MA
  • Market: Boston, MA

Anne Kennedy from Coldwell Banker represented the buyer in this transaction, while David Greenwood from Insight Realty Group represented the seller.

Players

Anne Kennedy

Coldwell Banker

Broker

$4.2M

vol

3 deals

Broker

West Roxbury 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93