Updated Dec 21, 2023
Edward F. Fay Purchases Multifamily Property On Branch Street, Boston For $1.9M
19 Branch Street, Boston, MA, USA
$1,900,000
$1,028/SF
Building Size
1,847 SF
Asset Type
MultiFamily
Closing
Jan 21, 2021
About this deal
AI
Located at 19 Branch Street in Boston, Massachusetts, this multifamily property was recently sold in a transaction dated January 22, 2021. The property was acquired by Edward F. Fay for a price of $1,900,000. Spanning across 1,847 square feet, the property boasts a price per square foot of $1,029.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 19 Branch Street, Boston, MA
- Buyer: Edward F. Fay
- Seller: Chris A Sherman
Edward F. Fay acted as the buyer in this transaction, while Chris A Sherman served as the seller. The sale of this multifamily property marks a significant investment in the Boston real estate market.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93