The Clarendon Companies Acquires Multifamily Property In Boston, MA For $3.3M
209 West Newton Street, Boston, Massachusetts 02116, United States
$3,300,000
$598/SF
Building Size
5,517 SF
Asset Type
MultiFamily
Closing
Jul 31, 2022
AI
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.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93