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274 Princeton Street

Updated Dec 4, 2024

Michelle Costello Of Lyv Realty Represents Buyer In East Boston Multifamily Sale For $1.25M
SOLDMultiFamily

Michelle Costello Of Lyv Realty Represents Buyer In East Boston Multifamily Sale For $1.25M

274 Princeton Street

$1,250,000

$336/SF

Building Size

3,711 SF

Asset Type

MultiFamily

Closing

Aug 30, 2024

About this deal

AI

The property asset involved in this transaction is a multifamily unit located at 274 Princeton Street, East Boston, MA. The sale price for the property was $1,250,000, which corresponds to a price per unit of $416,667. The total size of the property is 3,711 square feet, resulting in a price per square foot of $337.

Summary of transaction details:

The transaction was conducted with representation from Michelle Costello of Lyv Realty on the buyer's side and Luca A. Amara of La Realty & Property Consulting representing the seller. Both representatives played a critical role in facilitating the sale of this multifamily asset in the competitive East Boston market.

Players

Michelle Costello

Lyv Realty

Broker

$3.3M

vol

2 deals

Broker

East Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $336 per square foot on a published $1.3M for 3,711 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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