Updated Sep 5, 2024
Boston Trust Realty Group Acquires Multifamily Property In Boston, MA For $1.075M
22 Beethoven St, Boston, Massachusetts, USA
$1,075,000
$479/SF
Building Size
2,244 SF
Asset Type
MultiFamily
Closing
Apr 25, 2021
About this deal
AI
A multifamily property located at 22 Beethoven St in Boston, MA has been sold in a recent transaction. The property, which was listed by Markese Daise of Boston Trust Realty Group and MIG Realty, was sold for a sale price of $1,075,000. The asking price for the property was $1,100,000. The property spans a total area of 2,244 square feet, resulting in a price per square foot of $479.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Address: 22 Beethoven St, Boston, MA
- Market: Boston, MA
- Broker: Markese Daise - Boston Trust Realty Group, MIG Realty
- Asking Price: $1,100,000
- Square Footage: 2,244
- Price Per Square Foot: $479
This transaction was facilitated by Markese Daise of Boston Trust Realty Group and MIG Realty. Their expertise and negotiation skills played a crucial role in the successful sale of the multifamily property at 22 Beethoven St. The buyer and seller were able to reach an agreement, resulting in the final sale price of $1,075,000.
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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93