Melissa Scher Acquires Multifamily Property On Howes St In Boston For $1.3M
24 Howes St, Boston, Dorchester, Massachusetts, USA
$1,300,000
$373/SF
Building Size
3,483 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
AI
The multifamily property located at 24 Howes St in Boston, MA has been sold for $1,300,000. The transaction took place on June 14, 2021. The property spans a total area of 3,483 square feet, resulting in a price per square foot of $373.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 24 Howes St, Boston, MA
- Market: Boston, MA
The seller, represented by Melissa Scher from Keller Williams Realty Boston-Metro | Back Bay, successfully closed the deal. The buyer's representative, Adam Burns, handled the transaction on behalf of Burns Realty & Investments.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93