The Clarendon Companies Acquires Multifamily Property In Boston, MA For $3.3M
SOLD
$3,300,000
Massachusetts
See Similar DealsMultiFamily5,517 SF
Sold 08/01/2022
SOLD
The Clarendon Companies Acquires Multifamily Property In Boston, MA For $3.3M
209 West Newton Street, Boston, Massachusetts 02116, United States
See Similar DealsMultiFamily5,517 SF
Sold 08/01/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$598
Total Square Footage:5,517 SF
Transaction Type:Sale
The multifamily property located at 209 West Newton St in Boston, MA was recently sold for $3,300,000. Spanning a total area of 5,517 square feet, the property was sold at a price per square foot of $598. The sale took place on August 1, 2022, as indicated by the transaction date.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 209 West Newton St, Boston, MA
- Square Footage: 5,517
- Price per Square Foot: $598
- Market: Boston, MA
In this transaction, the buyer was represented by Paul Araujo from The Clarendon Companies. On the other hand, the seller's representatives were John Neale and Bradford Sprogis from Sprogis & Neale Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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