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294 Princeton Street

Updated Dec 4, 2024

Newly Constructed Multifamily Building Sold In East Boston For $2.03M
SOLDMultiFamily

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

Michelle Costello

Lyv Realty

Broker

$3.3M

vol

2 deals

Broker

East Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $492 per square foot on a published $2M for 4,123 square feet (2024).

Visit Michelle Costello to view all their deals.

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

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