William Raveis Real Estate Acquires Multifamily Property In Boston For $2.02M
271 W Fifth St Boston, Ma 02127, Usa
$2,017,500
$663/SF
Building Size
3,043 SF
Asset Type
MultiFamily
Closing
Jun 2, 2023
AI
A multifamily property located at 271 West 5th Street in Boston, MA, was sold for $2,017,500. The transaction involved a 3,043 square foot space with a price per square foot of $663.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,017,500
- Address: 271 West 5th Street, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Stephen McCarthy - William Raveis Real Estate - Boston - Back Bay
- Seller's Representative: John Pentore - Horvath & Tremblay
- Square Footage: 3,043
- Price per Square Foot: $663
The transaction was facilitated by Stephen McCarthy of William Raveis Real Estate - Boston - Back Bay representing the buyer, and John Pentore of Horvath & Tremblay representing the seller.
Players
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
7.86%
Cash-on-Cash
-2.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93