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26 E Springfield St Boston,...

Boston Heritage Realty Acquires Multifamily Property In Boston For $2.75M
SOLDMultiFamily

Boston Heritage Realty Acquires Multifamily Property In Boston For $2.75M

26 E Springfield St Boston, MA 02118, USA

$2,750,000

$694/SF

Building Size

3,960 SF

Asset Type

MultiFamily

Closing

May 26, 2023

AI

A multifamily property located at 26 E Springfield St in Boston, MA, was sold for $2,750,000. The transaction involved Richard Dolabany from Boston Heritage Realty, LLC, representing the buyer, and Charlie Ring from Coldwell Banker Realty, representing the seller. The property spans 3,960 square feet, resulting in a price per square foot of $694.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,750,000
  • Address: 26 E Springfield St, Boston, MA
  • Market: Boston, MA
  • Buyer's REP: Richard Dolabany - Boston Heritage Realty, LLC
  • Seller's REP: Charlie Ring - Coldwell Banker Realty
  • Square Footage: 3,960 sq ft
  • Price per Square Foot: $694

The buyer's representative, Richard Dolabany from Boston Heritage Realty, LLC, and the seller's representative, Charlie Ring from Coldwell Banker Realty, facilitated the sale of this multifamily property in Boston, MA. The transaction closed on 05/26/2023 for a total price of $2,750,000. The property, located at 26 E Springfield St, is comprised of approximately 3,960 square feet, resulting in a price per square foot of $694.

Players

Charlie Ring

Coldwell Banker

Broker

$13.9M

vol

4 deals

Broker

Boston 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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93