Updated Dec 19, 2023
Derrick Truong Acquires Multifamily Property In Boston, MA For $2.85M
270 W Broadway, South Boston, Massachusetts 02127, United States
$2,850,000
$413/SF
Building Size
6,900 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
About this deal
AI
The multifamily property located at 270-272 W Broadway in Boston, MA has been sold for a total price of $2,850,000. The property spans across 6,900 square feet, resulting in a price per square foot of $413.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Address: 270-272 W Broadway, Boston, MA
- Market: Boston, MA
Derrick Truong of Central Real Estate represented the buyer in this transaction, while Jennifer Uniac of Collins Mckinney Real Estate & Investments acted as the seller's representative.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93