Updated Dec 20, 2023
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
About this deal
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
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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