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1609 Tremont Street, Roxbur...

Keller Williams Realty Acquires Multifamily Property In Boston For $2.55M
SOLDMultiFamily

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

Matthew Ramey

Concept Properties

Broker

$9.1M

vol

3 deals

Broker

Boston 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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93