Updated Dec 21, 2023
Aranson & Associates Acquire Multifamily Property In Boston, MA For $2.5M
175 M St, Boston, Massachusetts, USA
$2,500,000
$717/SF
Building Size
3,486 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
About this deal
AI
Located at 175 M St in Boston, Massachusetts, this multifamily property was sold on June 25, 2021. Kevin Manning from Boston Realty Sales & Services represented the seller, while Aranson & Associates from Compass acted as the buyer's representative in the transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Square Footage: 3,486
- Price per Square Foot: $717
- Address: 175 M St, Boston, MA
- Market: Boston, MA
This successful sale demonstrates the strong demand for multifamily properties in the Boston market. With a total square footage of 3,486, the property was sold at a price per square foot of $717. Both the seller's representative, Kevin Manning from Boston Realty Sales & Services, and the buyer's representative, Aranson & Associates from Compass, played key roles in facilitating the transaction.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93