Updated Dec 4, 2024
Newly Constructed Multifamily Building Sold In East Boston For $2.03M
294 Princeton Street
$2,030,000
$492/SF
Building Size
4,123 SF
Asset Type
MultiFamily
Closing
Apr 26, 2024
About this deal
AI
A newly constructed 3-family building located at 294 Princeton St, Boston, MA 02128, sold for $2,030,000. The property offers an attractive opportunity for both investors and owner-occupants, with a total of 3 units, covering 4,123 square feet, and a price per unit of $676,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,030,000
- Units: 3
- Square Footage: 4,123
- Price per Unit: $676,667
- Price per Square Foot: $492
- Address: 294 Princeton Street, Boston, MA
- Market: East Boston, MA
The buyer's representative for this deal was Michelle Costello from Lyv Realty, while the seller's representative was The Residential Group from William Raveis Real Estate.
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
7.81%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93