Updated Dec 18, 2023
Tracy Campion & Rene Rodriguez Sell 11,793 SF Multifamily Property In Boston For $13M
238 Commonwealth Avenue, Boston, MA, USA
$16,100,000
$1,261/SF
Building Size
12,764 SF
Asset Type
MultiFamily
Closing
Jun 3, 2021
About this deal
AI
The multifamily property located at 251 Commonwealth Ave in Boston, MA has been sold for $13,000,000. The property spans 11,793 square feet, resulting in a price per square foot of $1,102. Tracy Campion from Campion & Company Fine Homes Real Estate represented the buyer in the transaction, while Rene Rodriguez from Cabot & Company represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Square Footage: 11,793
- Price Per Square Foot: $1,102
- Address: 251 Commonwealth Ave, Boston, MA
- Market: Boston, MA
This deal was facilitated by Tracy Campion from Campion & Company Fine Homes Real Estate, representing the buyer, and Rene Rodriguez from Cabot & Company, representing the seller. They played pivotal roles in ensuring the transaction was successful.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93