Updated Dec 4, 2024
Kevin Benzinger Of Boston Realty Advisors Brokers Sale Of Multifamily In Boston For $6.85M
2 Joy Street
$6,850,000
$868/SF
Building Size
7,888 SF
Asset Type
MultiFamily
Closing
May 3, 2024
About this deal
AI
A 13-unit multi-family property located on 2 Joy Street in Boston, MA, was recently sold for $6,850,000. The property spans 7,888 square feet and was sold at a price per unit of $526,923 and a price per square foot of $868. The units showcase hardwood floors, exposed brick, and offer scenic views of the State House, Boston Common, and the Charles River.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,850,000
- Units: 13
- Square Footage: 7,888
- Price Per Unit: $526,923
- Price Per Square Foot: $868
- Address: 2 Joy Street, Boston, MA
- Market: Boston, MA
The transaction was facilitated by Kevin Benzinger of Boston Realty Advisors, who represented the deal, showcasing his expertise in the Boston real estate market.
On the Map
$6,850,000
$868/SF
MultiFamily
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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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93