Updated Dec 21, 2023
Ted Pietras Of Gibson Sotheby's Acquires Boston Multifamily On 29 E Springfield St For $3.3M
29 East Springfield Street, Boston, Massachusetts 02118, United States
$3,295,000
$855/SF
Building Size
3,850 SF
Asset Type
MultiFamily
Closing
Jun 14, 2022
About this deal
AI
A multifamily property located at 29 E Springfield St in Boston, MA has been sold for a total of $3,295,000. The property spans 3,850 square feet, resulting in a price per square foot of $856.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,295,000
- Address: 29 E Springfield St, Boston, MA
- Market: Boston, MA
The buyer of the property was represented by Ted Pietras from Gibson Sotheby's International Realty, while the seller was represented by William Olsen from Global Property Services.
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
4.81%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93