Updated Dec 4, 2024
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:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 3
- SF: 3,711
- PPU: $416,667
- PPSF: $337
- Buyer's Representative: Michelle Costello - Lyv Realty
- Seller's Representative: Luca A. Amara - La Realty & Property Consulting
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
East 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93