Updated Dec 19, 2023
Junehyuk Seo Acquires Multifamily Property On Webster St, East Boston For $1.75M
258 Webster Street, Boston, MA, USA
$1,750,000
$728/SF
Building Size
2,404 SF
Asset Type
MultiFamily
Closing
Jul 29, 2021
About this deal
AI
The multifamily property located at 258 Webster St in East Boston, MA has recently been sold in a closed transaction. The sale took place on July 30, 2021, with a sale price of $1,750,000. The property spans a total of 2,404 square feet, resulting in a price per square foot of $728. This property consists of three units, with an average price per unit of $583,333.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Square Footage: 2,404
- Price per Square Foot: $728
- Number of Units: 3
- Price per Unit: $583,333
The seller of the property was Robert F. Miselis, while the buyer was Junehyuk Seo. They were represented by their respective brokers in this transaction.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93