Laurence Tamkin Acquires Multifamily Property In Boston, MA For $3.5M
2747 Washington St, Boston, Massachusetts, USA
$3,500,000
$377/SF
Building Size
9,275 SF
Asset Type
MultiFamily
Closing
Apr 29, 2021
AI
The multifamily property located at 2747 Washington St in Boston, MA was sold on April 30, 2021. The property, spanning 9,275 square feet, was sold for a total price of $3,500,000, resulting in a price per square foot of $377.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Square Footage: 9,275
- Address: 2747 Washington St, Boston, MA
- Market: Boston, MA
Laurence Tamkin from Boston Commercial Realty represented the buyer in this transaction, while The Residential Group from William Raveis R.E. & Home Services represented the seller.
Players
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93