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24 Weld Hill Street

Red Tree Real Estate Acquires Multifamily Property On Weld Hill Street In Boston For $1.3M
SOLDMultiFamily

Red Tree Real Estate Acquires Multifamily Property On Weld Hill Street In Boston For $1.3M

24 Weld Hill Street

$1,300,000

$370/SF

Building Size

3,505 SF

Asset Type

MultiFamily

Closing

Oct 26, 2023

AI

In Boston, Massachusetts, a multifamily property located at 24 Weld Hill Street has recently been sold. The property was sold for a total price of $1.3 million and comprises a total area of 3,505 square feet. The price per square foot for this transaction was $371.

Summary of transaction details

The buyer in this transaction, represented by Lee Kennon of Red Tree Real Estate, acquired the multifamily property at 24 Weld Hill Street. On the other hand, the seller was represented by Diane Capodilupo of Diane Capodilupo & Company. The transaction highlights the involvement of these key individuals and their respective agencies in facilitating the sale.

Players

Lee Kennon

Red Tree Real Estate

Broker

$2.6M

vol

2 deals

Broker

Jamaica Plain 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93