Updated Dec 4, 2024
Joshua Stiles At Compass Facilitates $2.32M Sale Of Multifamily Property In Boston
21 Wellington Street
$2,325,000
$790/SF
Building Size
2,940 SF
Asset Type
MultiFamily
Closing
May 3, 2024
About this deal
AI
A 3-story brownstone with potential for 4 units located at 21 Wellington Street in Boston, MA, was recently sold for $2,325,000. This multifamily property spans 2,940 square feet and was transacted at a price per unit of $581,250, with a price per square foot of $791.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Units: 4
- SF: 2,940
- Price per Unit: $581,250
- Price per SF: $791
- Address: 21 Wellington Street, Boston, MA
- Market: Boston, MA
The sale was facilitated by Joshua Stiles from Compass. The property's features include a private roof deck, patio, and 6 parking spaces, adding value to the transaction.
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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93