facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

247 L Street, Boston, Massa...

Core Property Group Acquires Multifamily Property In Boston, MA For $3.08M
SOLDMultiFamily

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

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker

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