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.
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