Updated Dec 21, 2023
Marcus & Millichap Sells Multifamily Property In Boston For $2.325M
305 Cummins Highway, Boston, Massachusetts 02131, United States
$2,325,000
$428/SF
Building Size
5,424 SF
Asset Type
MultiFamily
Closing
Aug 23, 2022
About this deal
AI
The multifamily property located at 305 Cummins Hwy in Boston, MA was recently sold for a price of $2,325,000. The property spans 5,424 square feet, resulting in a price per square foot of $429. The sale was facilitated by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Address: 305 Cummins Hwy, Boston, MA
- Square Footage: 5,424
- Price per Square Foot: $429
- Broker: Tony Pepdjonovic - Marcus & Millichap Real Estate Investment Services
The sale of this multifamily property represents a significant transaction in the Boston real estate market. Tony Pepdjonovic, working with Marcus & Millichap Real Estate Investment Services, successfully facilitated the deal, demonstrating their expertise in the industry.
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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93