Updated Dec 21, 2023
Evan M. Tierney & Charlotte Derathe Acquire Multifamily Property In East Boston For $1.5M
218 Webster Street, Boston, MA, USA
$1,500,000
$479/SF
Building Size
3,128 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
The multifamily property located at 218 Webster St in East Boston, MA has been sold. The transaction took place on August 25, 2021, with a sale price of $1,500,000. The property spans across 3,128 square feet, resulting in a price per square foot of $480.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
Evan M. Tierney & Charlotte Derathe were the buyers in this transaction, while Cynthia S. Mercer acted as the seller.
The multifamily sale at 218 Webster Street, Boston, MA, USA in Boston, Massachusetts sold for $1.5M in 2021. The building is 3,128 square feet, implying about 479 per square foot on the published price. This page is the Boston, Massachusetts file for the 218 Webster Street, Boston, MA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else sold near 218 Webster Street, Boston, MA, USA around 2021. Published consideration for 218 Webster Street, Boston, MA, USA is $1.5M, dated 2021. Cite this Evan M. Tierney & Charlotte Derathe Acquire Multifamily Property In East Boston For $1.5M sale when underwriting similar multifamily product around Boston, Massachusetts.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93