Updated Dec 19, 2023
Katelyn R. Nerbonne & Katherine L. Berstrom Acquire Multifamily Property In East Boston, MA
223 Everett Place, East Boston, Boston, MA, USA
$1,210,000
$407/SF
Building Size
2,970 SF
Asset Type
MultiFamily
Closing
Jul 25, 2021
About this deal
AI
The multifamily property located at 223 Everett St in East Boston, MA has been sold. The transaction took place on July 26, 2021. The property spans 2,970 square feet and was sold for a total price of $1,210,000, resulting in a price per square foot of $407. The property consists of 3 units, with an average price per unit of $403,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,210,000
- Square Footage: 2,970
- Address: 223 Everett St, East Boston, MA
- Market: East Boston, MA
The sellers of the property were Everett Clonboo and Paul J. Hardiman, while the buyers were Katelyn R. Nerbonne and Katherine L. Berstrom.
Additional information about the deal's key individuals and companies involved in the transaction is not available.
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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93