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26 Concord Street

Griffin Realty Group Acquires Multifamily Property In Charlestown For $1.9M
SOLDMultiFamily

Griffin Realty Group Acquires Multifamily Property In Charlestown For $1.9M

26 Concord Street

$1,900,000

$537/SF

Building Size

3,538 SF

Asset Type

MultiFamily

Closing

Nov 29, 2023

AI

A multifamily property located at 26 Concord Street in Charlestown, MA, was recently sold for $1,900,000. The property spans 3,538 square feet, resulting in a price per square foot of $537.

Summary of transaction details

The buyer, represented by John Griffin of Griffin Realty Group, and the seller, represented by Claire Shea of Coldwell Banker, finalized the transaction to secure the sale of the property.

Players

John Griffin

Griffin Realty Group

Broker

$8.2M

vol

2 deals

Broker

Charlestown 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93