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181 M St, Boston, Massachus...

Core Property Group Acquires Multifamily Property In Boston's Market For $2.7M
SOLDMultiFamily

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

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.

Players

Zach Barron

Core Property Group

Broker

$20.2M

vol

7 deals

Broker

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