Red Tree Real Estate Represents Sale Of Multifamily Property In Boston, MA For $2.3M
230 Friend Street, Boston, Massachusetts 02114, United States
$2,300,000
$605/SF
Building Size
3,800 SF
Asset Type
MultiFamily
Closing
Sep 22, 2022
AI
The multifamily property located at 230 Friend St in Boston, MA has been sold for $2,300,000. The transaction took place on September 23, 2022. The property spans approximately 3,800 square feet, resulting in a price per square foot of $605.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 230 Friend St, Boston, MA
- Market: Boston, MA
- Broker: Arthur Deych - Red Tree Real Estate
- SF: 3,800
- Price per Square Foot: $605
Arthur Deych from Red Tree Real Estate represented the involved parties in this deal.
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93