Updated Dec 4, 2024
Boston Real Estate Group Of Compass Represents Buyer In $1.42M Multifamily Sale By Debbie Adamidis
170-172 Calumet Street
$1,420,000
$606/SF
Building Size
2,340 SF
Asset Type
MultiFamily
Closing
Jul 31, 2024
About this deal
AI
This multifamily property located at 170-172 Calumet Street in Boston, MA, was sold for $1,420,000. The property spans 2,340 square feet, which equates to a price per square foot of $607. The asset is situated in the Mission Hill neighborhood and presents significant investment potential, though it requires substantial renovations. Notable features include high basement ceilings, a walk-up attic, and three tandem off-street parking spaces. Recent improvements include a new roof and siding completed in 2015.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,420,000
- Address: 170-172 Calumet Street
- Market: Boston, MA
- Square Footage: 2,340
- Price per Square Foot: $607
- Buyer's Representative: Boston Real Estate Group - Compass
- Seller's Representative: Debbie Adamidis - Keller Williams
The transaction involved key representatives from both sides. The buyer was represented by Boston Real Estate Group under the Compass brand, while the seller was represented by Debbie Adamidis from Keller Williams. These brokers played crucial roles in facilitating the exchange of this multifamily asset within the competitive Boston real estate market.
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
11.17%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93