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306 Sumner Street

Kathleen Alexander Acquires Multifamily Property In Boston, MA For $1.06M As Buyer's Rep
SOLDMultiFamily

Kathleen Alexander Acquires Multifamily Property In Boston, MA For $1.06M As Buyer's Rep

306 Sumner Street

$1,062,500

$169/SF

Building Size

6,275 SF

Asset Type

MultiFamily

Closing

Mar 5, 2024

AI

A multifamily property located at 306 Sumner Street in Boston, MA, was sold for $1,062,500. Spanning 6,275 square feet, the property was transacted at a price per square foot of $169.

Summary of transaction details:

Kathleen Alexander of Keller Williams represented the buyer in this transaction, while Caio Zake, from Prestige Property Solutions, acted as the seller's representative.

Players

Caio Zake

Cushman & Wakefield

Broker

$1.1M

vol

1 deal

Broker

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

14.93%

Cash-on-Cash

-4.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93