Core Property Group Acquires Multifamily Property In Boston, MA For $3.08M
247 L Street, Boston, Massachusetts 02127, United States
$3,080,000
$535/SF
Building Size
5,754 SF
Asset Type
MultiFamily
Closing
Jul 7, 2022
AI
Located at 247 L St in Boston, MA, this multifamily property was recently sold. The sale was facilitated by Ryan Foley, Zach Barron, and John Federico.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,080,000
- Address: 247 L St, Boston, MA
- Market: Boston, MA
Zach Barron from Core Property Group represented the buyer in this transaction, while Ryan Foley and John Federico, known as the Foley/Federico Team, represented the seller.
The property consists of 3 units, offering an average price per unit of $1,026,667. With a total area of 5,754 square feet, the price per square foot for this multifamily asset is $535.
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
5.15%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93