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187 Webster St Boston, MA 0...

Access Acquires Multifamily Property In East Boston For $2.02M
SOLDMultiFamily

Access Acquires Multifamily Property In East Boston For $2.02M

187 Webster St Boston, MA 02128, USA

$2,020,000

$540/SF

Building Size

3,740 SF

Asset Type

MultiFamily

Closing

Jun 6, 2023

AI

A multifamily property located at 187 Webster Street in East Boston's Jeffries Point was sold for $2.02 million. The transaction involved a 3,740-square-foot space with a price per square foot of $540.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,020,000
  • SF: 3,740
  • PPSF: $540
  • Buyer's Representative: Corey Bashaw - Access
  • Seller's Representative: Ryan Persac - Donnelly + Co.

The deal was facilitated by buyer's representative Corey Bashaw of Access and seller's representative Ryan Persac of Donnelly + Co.

Players

Corey Bashaw

Access Real Estate

Broker

$4.3M

vol

3 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

7.85%

Cash-on-Cash

-2.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93