Compass Represents Both Sides In $2.4M Sale Of Multifamily Property In Boston
16 Sewall St, Boston, MA 02120
$2,446,000
$661/SF
Building Size
3,696 SF
Asset Type
MultiFamily
Closing
Jun 15, 2022
AI
This multifamily property located at 16 Sewall St in Boston, MA has been sold for a price of $2,446,000. The sale was finalized on June 16, 2022. The property spans across 3,696 square feet, resulting in a price per square foot of $662.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,446,000
- Date: 06/16/2022
- Address: 16 Sewall St
- Market: Boston, MA
The buyer was represented by Mission Realty Advisors from Compass, while the seller was represented by Eric Johnson, also from Compass.
Players
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
6.49%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93