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Compass Represents Both Sides In $2.4M Sale Of Multifamily Property In Boston

Property Image
SOLD
$2,446,000

Massachusetts

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MultiFamily3,696 SF
Sold 06/16/2022
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Property Image
SOLD

Compass Represents Both Sides In $2.4M Sale Of Multifamily Property In Boston

16 Sewall St, Boston, MA 02120

See Similar Deals
MultiFamily3,696 SF
Sold 06/16/2022
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$661
Total Square Footage:3,696 SF
Transaction Type:Sale

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

Eric Johnson
Compass
Eric Johnson
17 deals$34.4M volume
BROKER

Details

SOLD
IMAGE: Eric Johnson DATE: 06/16/2022 ADDRESS: 16 Sewall St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Mission Realty Advisors - Compass SELLER'S REP: Eric Johnson - Compass SALE PRICE: $2,446,000 SF: 3,696 ~ PPSF: $662

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,690.14
Cash-on-Cash Return-1.27%
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