Updated Nov 17, 2023
22 Cumberland Rt Acquires Multifamily Property In Boston For $4.4M
22 Cumberland Street Boston, Massachusetts 02115, Usa
$4,400,000
$1,961/SF
Building Size
2,243 SF
Asset Type
MultiFamily
Closing
May 4, 2023
About this deal
AI
22 Cumberland Rt acquired the Boston property located at 22 Cumberland Street for $4.4 million. The property includes three bedrooms, three bathrooms, a garage, and three parking spaces, situated on a 2,243-square-foot lot.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 22 Cumberland Street, Boston, MA
- Square Footage: 2,243
- Price per Square Foot: $1,962
22 Cumberland Rt served as the buyer in this transaction, while Ret Mfl acted as the seller. The deal was finalized on 05/04/2023.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93