Updated Dec 21, 2023
Paul G. Roiff Acquires Apartment Building In Boston For $5.5M
250 Newbury Street, Boston, Massachusetts 02116, United States
$5,500,000
$1,065/SF
Building Size
5,160 SF
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
The apartment property located at 250 Newbury St in Boston, MA was recently sold in a transaction on May 16, 2022. The property spans across 5,160 square feet and was sold for a total price of $5,500,000, resulting in a price per square foot of $1,065.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $5,500,000
- Square Footage: 5,160
- Price per Square Foot: $1,065
- Address: 250 Newbury St, Boston, MA
- Market: Boston, MA
The buyer in this transaction is Paul G. Roiff, while Kenneth Dobrov is the seller. Both parties were represented by their respective brokers.
Players
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93