Red Tree Real Estate Brokers Sell Multifamily Property In Boston For $1.3M
Foster Street, Boston, Massachusetts 02109, United States
$1,309,000
$468/SF
Building Size
2,794 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
AI
The multifamily property located at 241 Foster St in Boston, MA has been sold for a total price of $1,309,000. The property spans an area of 2,794 square feet and was sold at an average price per square foot of $476. The sale was facilitated by Lee Kennon & Jerome Bibuld from Red Tree Real Estate.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,309,000
- Square Footage: 2,794
- Price Per Square Foot: $476
- Address: 241 Foster St, Boston, MA
- Market: Boston, MA
- Brokers: Lee Kennon & Jerome Bibuld - Red Tree Real Estate
Lee Kennon & Jerome Bibuld from Red Tree Real Estate played a pivotal role in the successful closing of this multifamily property sale in Boston. Their expertise and representation helped facilitate the transaction.
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
12.12%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93