Updated Sep 9, 2024
Anit Patle Acquires Multifamily Asset In Boston, MA For $2.975M
19 Snow Hill Street
$2,975,000
$830/SF
Building Size
3,584 SF
Asset Type
MultiFamily
Closing
Dec 30, 2022
About this deal
AI
Anit Patle has purchased a multifamily property located at 19 Snow Hill Street in Boston, MA for a total sale price of $2,975,000. The property consists of 4 units, with a price per unit of $743,750. The total square footage of the property is 3,584, resulting in a price per square foot of $830.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,975,000
- Units: 4
- Price per Unit: $743,750
- Square Footage: 3,584
- Price per Square Foot: $830
- Address: 19 Snow Hill Street, Boston, MA
- Buyer: Anit Patle
- Seller: Scotto Jamicson
- Broker: Giancarlo Tiberi - Core Property Group
Giancarlo Tiberi from Core Property Group represented both the buyer, Anit Patle, and the seller, Scotto Jamicson, in this transaction. It is worth noting that Giancarlo has previously sold this property twice in the past 2 years, highlighting the expertise of the Core Property Group in sourcing, marketing, and selling investment properties.
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
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93