Updated Sep 9, 2024
Berkshire Hathaway HomeServices Acquires Multifamily Property In Boston For $1.4M
267-269 Princeton St, Boston, Massachusetts, USA
$1,400,000
$321/SF
Building Size
4,350 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
About this deal
AI
Located at 267-269 Princeton St in Boston, MA, this multifamily property was recently sold for a price of $1,400,000. Spanning 4,350 square feet, the property offers a price per square foot of $322, making it a valuable asset in the market.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,400,000
- Square Footage: 4,350
- Price per Square Foot: $322
- Address: 267-269 Princeton St, Boston, MA
- Market: Boston, MA
The seller's representative, Stephanie McCarthy from Keller Williams Realty, facilitated the sale of this property. On the other side, the buyer was represented by The Hines Group, affiliated with Berkshire Hathaway HomeServices Robert Paul Properties. Their expertise and negotiation skills played a crucial role in completing this transaction successfully.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93