Updated Dec 21, 2023
Realty Boston Team Acquires Multifamily Property In Boston For $2.1M
228 Princeton Street, East Boston, Massachusetts 02128, United States
$2,100,000
$300/SF
Building Size
6,987 SF
Asset Type
MultiFamily
Closing
Jul 11, 2022
About this deal
AI
The multifamily property located at 228 Princeton St in Boston, MA has been sold in a closed transaction. The property spans approximately 6,987 square feet and was sold for a total of $2,100,000, resulting in a price per square foot of $301.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Square Footage: 6,987
- Price Per Square Foot: $301
- Address: 228 Princeton St, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Realty Boston Team from CENTURY 21 Cityside. On the other hand, the seller's representative was The Residential Group from William Raveis Real Estate - Boston - South End.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93