Updated Dec 21, 2023
Robert G. Maguire Acquires Multifamily Property On Phillips St In Boston For $3.6M
20 Phillips Street, Boston, MA, USA
$3,625,000
$1,063/SF
Building Size
3,408 SF
Asset Type
MultiFamily
Closing
Aug 18, 2021
About this deal
AI
A multifamily property located at 20 A Phillips St in Boston, MA was recently sold. The property consists of 9 units with a total square footage of 3,408. The sale price for the property was $3,625,000, resulting in a price per unit (PPU) of $402,778 and a price per square foot (PPSF) of $1,064.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,625,000
- Units: 9
- PPU: $402,778
- Square footage: 3,408
- PPSF: $1,064
- Address: 20 A Phillips St, Boston, MA
In this transaction, Robert G. Maguire acted as the buyer, while Michael C. Lesburg was the seller.
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
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93