@TorringtonProperties Acquires Multifamily Asset In Boston, MA For $2.06M
214 E St, South Boston, Boston, MA, USA
$1,100,000
$629/SF
Building Size
1,748 SF
Asset Type
MultiFamily
Closing
Mar 1, 2021
AI
A multifamily property located at 241-243 East Street in Boston, MA has been sold for a price of $2,060,000. The property consists of 5 units, resulting in a price per unit of $412,000. The sale took place on January 21, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,060,000
- Units: 5
- Price per Unit: $412,000
The buyer of the property is Torrington Properties. The sale was facilitated by brokers Nick Jasinski and Kurt Cawley from United Multi Family.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93