Updated Dec 4, 2024
216 Webster Street Multifamily Sold For $1.275M With Broker Anthony Giacalone Jr In East Boston
216 Webster Street
$1,275,000
$467/SF
Building Size
2,728 SF
Asset Type
MultiFamily
Closing
Aug 15, 2024
About this deal
AI
A two-family property located at 216 Webster Street in East Boston, MA, has been sold for $1,275,000. The property encompasses a total of 2,728 square feet, yielding a price per square foot of $467. It features 7 bedrooms and 3 bathrooms, and is situated in the Jeffries Point neighborhood.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Units: 2
- Price Per Unit: $637,500
- Square Footage: 2,728
- Price Per Square Foot: $467
Anthony Giacalone, Jr from Tony's Realty represented the transaction, facilitating the sale and connecting the buyer and seller in this multifamily property deal.
East 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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93