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:
- Property Type: Multifamily
- Transaction Amount: $1,062,500
- Address: 306 Sumner Street
- Market: Boston, MA
- Buyer's Rep: Kathleen Alexander - Keller Williams
- Seller's Rep: Caio Zake - Prestige Property Solutions
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
East Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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