Updated Dec 20, 2023
275 Webster Street Multifamily Sold For $1.3M To 275 Webster Street LLC
275 Webster St, Boston, MA 02128, USA
$1,300,000
$38/SF
Building Size
33,430 SF
Asset Type
MultiFamily
Closing
May 7, 2020
About this deal
AI
The multifamily property located at 275 Webster Street in East Boston has been sold in a recent transaction. The sale took place on 05/08/2020, with a sale price of $1,300,000. The property spans a total area of 3,343 square feet, resulting in a price per square foot of $388.87. It consists of three units, leading to a price per unit of $433,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Square Footage: 3,343
- Price per Square Foot: $388.87
- Number of Units: 3
- Price per Unit: $433,333
The seller of the property was Onnelly Parslow. On the other hand, the buyer was 275 Webster Street LLC.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93