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
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93