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209 West Newton Street, Bos...

The Clarendon Companies Acquires Multifamily Property In Boston, MA For $3.3M
SOLDMultiFamily

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

John Neale

Broker

$22.5M

vol

6 deals

Broker

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