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241-243 E Street, Boston, M...

Torrington Properties Acquires Multifamily Property In Boston, MA For $2.06M
SOLDMultiFamily

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

Kurt Cawley

Broker

$28.5M

vol

8 deals

Broker
T
TorringtonPropertiesBuyer

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

7.70%

Cash-on-Cash

-2.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93