Updated Dec 19, 2023
Core Property Group Acquires Multifamily Property In Boston's Market For $2.7M
181 M St, Boston, Massachusetts, USA
$2,700,000
$611/SF
Building Size
4,417 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
About this deal
AI
The multifamily property located at 181 M St in Boston, MA was recently sold for a price of $2,700,000. The property consists of 3 units, with a price per unit of $900,000. It spans a total square footage of 4,417, resulting in a price per square foot of $611.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 3
- Price per Unit: $900,000
- Square Footage: 4,417
- Price per Square Foot: $611
Zach Barron from Core Property Group, LLC represented the buyer in this transaction, while Laurie Caserta from Canopy Brokerage Company, LLC represented the seller.
On the Map
$2,700,000
$611/SF
MultiFamily
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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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93