Updated Dec 20, 2023
Coldwell Banker Realty Acquires Multifamily Property In Boston, MA For $2.15M
163-165a Salem Street, Boston, Massachusetts 02113, United States
$2,150,000
$693/SF
Building Size
3,100 SF
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
Located at 163-165A Salem in Boston, MA, this multifamily property was recently sold for a price of $2,150,000. The property spans a total of 3,100 square feet, resulting in a price per square foot of $694. The transaction took place on July 6, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 163-165A Salem, Boston, MA
- Square Footage: 3,100
- Price per Square Foot: $694
The buyer was represented by Joseph Reale from Coldwell Banker Realty - Back Bay, while the seller was represented by Tony Pepdjonovic from Marcus & Millichap Real Estate Investment Services.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93