Updated Oct 29, 2024
240 Comm Avenue LLC Acquires Multifamily Property In Boston, MA For $16.1M
222 Commonwealth Avenue, Boston, MA 02116, USA
$8,100,000
$1,032/SF
Building Size
7,848 SF
Asset Type
MultiFamily
Closing
Oct 15, 2020
About this deal
AI
The multifamily property located at 240 Commonwealth Ave & 238 Commonwealth Ave in Boston, MA was recently sold in a closed transaction. The property spans approximately 12,764 square feet, with a sale price of $16,100,000. This equates to a price per square foot of $1,261.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,100,000
- Square Footage: 12,764
- Price per Square Foot: $1,261
- Address: 240 Commonwealth Ave & 238 Commonwealth Ave, Boston, MA
- Market: Boston, MA
The seller of the property was Joseph Palermino, while the buyer was 240 Comm Avenue Llc.
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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93