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
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