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
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 24 Weld Hill Street, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Lee Kennon - Red Tree Real Estate
- Seller's Representative: Diane Capodilupo - Diane Capodilupo & Company
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
Jamaica Plain 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