Updated Oct 28, 2024
5 Up Havre Llc Acquires Multifamily Property In East Boston For $1.15M
197 Havre St, East Boston, Boston, Massachusetts, USA
$1,150,000
$495/SF
Building Size
2,321 SF
Asset Type
MultiFamily
Closing
Jun 29, 2021
About this deal
AI
The multifamily property located at 197 Havre St in East Boston, MA was recently sold for $1,150,000. The transaction took place on June 30, 2021. The property spans an area of 2,321 square feet, resulting in a price per square foot of $495. It consists of three units, with each unit being valued at approximately $383,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 197 Havre St, East Boston, MA
- Market: East Boston, MA
- Property Size: 2,321 square feet
- Price per Square Foot: $495
- Number of Units: 3
The seller of the property was the Crespo Group, while the buyer was 5 Up Havre Llc.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93