Keller Williams Realty Acquires Multifamily Property In Boston For $2.55M
1609 Tremont Street, Roxbury, Massachusetts 02120, United States
$2,550,000
$989/SF
Building Size
2,576 SF
Asset Type
MultiFamily
Closing
Jan 6, 2022
AI
An apartment building located at 1609 Tremont St in Boston, MA has recently been sold for $2,550,000. The multifamily property spans across 2,576 square feet and sold at a price per square foot of $925. The sale transaction took place on January 7, 2022. The property is situated in the Boston market, making it an attractive investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 1609 Tremont St, Boston, MA
- Market: Boston, MA
- Square Footage: 2,576
- Price Per Square Foot: $925
Representing the buyer in this transaction was Dan Rhault from Keller Williams Realty. On the seller's side, the property was listed by Matthew Ramey from Concept Properties. These professionals played significant roles in facilitating the sale of this apartment building.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93