Updated Dec 21, 2023
JPT Realty LLC Acquires Multifamily Property In Boston, MA For $1.006M
259-259a W 5th St, Boston, Massachusetts, USA
$1,006,000
$679/SF
Building Size
1,480 SF
Asset Type
MultiFamily
Closing
Aug 10, 2021
About this deal
AI
The multifamily property located at 259-259A W 5th St in Boston, MA has been sold for $1,006,000. The property spans 1,480 square feet, resulting in a price per square foot of $680.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,006,000
- Date: 08/11/2021
- Address: 259-259A W 5th St, Boston, MA
- Seller's Representative: Sandra McCarron - Capital Residential Group, LLC
- Buyer's Representative: Alexander Gill - JPT Realty LLC
Sandra McCarron from Capital Residential Group, LLC represented the seller in this transaction, while Alexander Gill from JPT Realty LLC represented the buyer.
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
15.77%
Cash-on-Cash
-4.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93