Updated Oct 28, 2024
Kaipu Emerson LLC Acquires 6-Unit Multifamily Property In Boston For $4M
167 K Street & 84 Emerson Street
$4,000,000
$318/SF
Building Size
6,288 SF
Asset Type
MultiFamily
Closing
Nov 8, 2022
About this deal
AI
Kaipu Emerson LLC has acquired a multifamily property located at 167 K Street and 84 Emerson Street in Boston, MA. The property consists of six units with a total square footage of 6,288. The sale price for this transaction was $4,000,000, resulting in a price per unit of $666,667 and a price per square foot of $636.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 6
- Price per Unit: $666,667
- Square Footage: 6,288
- Price per Square Foot: $636
- Address: 167 K Street & 84 Emerson Street, Boston, MA
- Market: Boston, MA
The buyer for this transaction was Kaipu Emerson LLC, while the seller was 81 P Street LLC. Ryan Quinn and John Federico from Greater Metropolitan Real Estate represented both parties as brokers in the deal.
Players
South 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93