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170-172 Calumet Street

Updated Dec 4, 2024

Boston Real Estate Group Of Compass Represents Buyer In $1.42M Multifamily Sale By Debbie Adamidis
SOLDMultiFamily

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.

Players

Debbie Adamidis

Keller Williams Realty

Broker

$10M

vol

5 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $606 per square foot on a published $1.4M for 2,340 square feet (2024).

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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

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