Updated Sep 5, 2024
JL&CoRE Acquires Multifamily Property On Tower St In Boston For $2M
26 Tower Street, Boston, Massachusetts 02130, United States
$2,000,000
$438/SF
Building Size
4,562 SF
Asset Type
MultiFamily
Closing
Jun 21, 2022
About this deal
AI
The multifamily property located at 26 Tower St in Boston, MA has been sold for a price of $2,000,000. The property spans a total area of 4,562 square feet, resulting in a price per square foot of $438.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 26 Tower St, Boston, MA
The buyer's representative in this transaction was Mark Lewis from JL+CoRE, while the seller's representative was Dana Fogg from Keller Williams Boston Metrowest.
The multifamily sale at 26 Tower Street, Boston, Massachusetts 02130, United States in Boston, Massachusetts sold for $2M in 2022. The building is 4,562 square feet, implying about 438 per square foot on the published price. Mark Lewis, Dana Fogg, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Boston, Massachusetts file for the 26 Tower Street, Boston, Massachusetts 02130, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else sold near 26 Tower Street, Boston, Massachusetts 02130, United States around 2022. Published consideration for 26 Tower Street, Boston, Massachusetts 02130, United States is $2M, dated 2022. Cite this JL&CoRE Acquires Multifamily Property On Tower St In Boston For $2M sale when underwriting similar multifamily product around Boston, Massachusetts.
Boston MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93