Torrington Properties Acquires Multifamily Property In Boston, MA For $2.06M
241-243 E Street, Boston, MA, USA
$2,060,000
$490/SF
Building Size
4,200 SF
Asset Type
MultiFamily
Closing
Jan 20, 2021
AI
The multifamily property located at 241-243 East Street in Boston, MA has been sold for a total of $2,060,000. The transaction took place on January 21, 2021. This property consists of 5 units, resulting in a price per unit of $412,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,060,000
- Units: 5
- Price Per Unit: $412,000
- Address: 241-243 East Street, Boston, MA
- Market: Boston, MA
The sale of this multifamily property was facilitated by Nick Jasinski and Kurt Cawley from United Multi Family, who represented @TorringtonProperties as the buyer. They successfully closed the deal, demonstrating their expertise in the Boston market.
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
7.70%
Cash-on-Cash
-2.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93