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24 Seaver St, Boston, MA 02...

Sonali Weerackody Acquires 9-Unit Multifamily In Roxbury For $3.3M
SOLDMultiFamily

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

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 deals

Broker
Fred Starikov

Fred Starikov

City Realty Group

Seller

$66.7M

vol

12 deals

Seller

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93