Updated Dec 21, 2023
Bulfinch - Back Bay Acquires Multifamily Property In Boston For $1.55M
20-24 Mount Vernon Street, Boston, Massachusetts 02135, United States
$1,550,000
$463/SF
Building Size
3,347 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
A multifamily property located at 20-24 Mount Vernon St in Boston, MA was recently sold for $1,550,000. The property spans 3,347 square feet, resulting in a price per square foot of $463. The transaction took place on March 31, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Date: 03/31/2022
- Address: 20-24 Mount Vernon St, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Michael Fedorouk from Bulfinch - Back Bay, while the seller's representative was Jarrod L. Pescosolido from Romo Realty Group.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93