Sonali Weerackody Acquires 9-Unit Multifamily In Roxbury For $3.3M
24 Seaver St, Boston, MA 02121, USA
$3,300,000
$33/SF
Building Size
100,000 SF
Asset Type
MultiFamily
Closing
Mar 2, 2020
AI
The multifamily property located at 24 Seaver Street in Roxbury has been sold for $3,300,000. Spanning a total of 10,000 square feet, the property was sold at a price of $330 per square foot. The property consists of 9 units, resulting in a price per unit of $366,666.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Property Size: 10,000 square feet
- Price per Square Foot: $330
- Number of Units: 9
- Price per Unit: $366,666
The seller of the property was City Realty Group, represented by Fred Starikov and Stephen Whalen. The buyer in this transaction was Sonali Weerackody. The deal was facilitated by Jeff Ravelo from Boston Trust Realty Group and William Raveis from R.E. & Home Services.
Players
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93