Updated Sep 9, 2024
Cape Coastal Sotheby's Acquires Multifamily In Boston For $1.365M
299 Norfolk St, Boston, MA, USA
$1,365,000
$271/SF
Building Size
5,022 SF
Asset Type
MultiFamily
Closing
Nov 12, 2021
About this deal
AI
A multifamily property located at 299 Norfolk St in Boston, MA has been sold for a price of $1,365,000. The property spans across 5,022 square feet and was sold at a price per square foot of $272.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Address: 299 Norfolk St, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Cori Daddabbo from Cape Coastal Sotheby's International Realty. Representing the seller was Curtis Howe from Howe Realty Group.
Note: No additional information regarding the transaction is available.
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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93