Engel & Völkers Acquires Multifamily Property In Boston For $3.17M
207 West Newton Street
$3,170,000
$916/SF
Building Size
3,460 SF
Asset Type
MultiFamily
Closing
Dec 12, 2023
AI
A multifamily property located at 207 West Newton Street in Boston, MA has recently been sold for $3.17 million. The property spans across 3,460 square feet, resulting in a price per square foot of $916. The transaction took place on December 12, 2023, making it a recent sale in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,170,000
- Address: 207 West Newton Street
- Market: Boston, MA
- Buyer's Representative: Barbara Wales - Engel & Völkers
- Seller's Representative: Matthew Yanosy - Boston Realty Net
- Square Footage: 3,460
- Price per Square Foot: $916
Barbara Wales, from Engel & Völkers, represented the buyer in this transaction. On the other hand, Matthew Yanosy, from Boston Realty Net, served as the seller's representative. These key individuals played a crucial role in ensuring the successful completion of the deal.
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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93