Updated Dec 21, 2023
Gibson Sotheby's International Realty Sells Multifamily Property In Boston For $3.5M
31 Monument Square, Boston, Massachusetts, USA
$3,500,000
$751/SF
Building Size
4,656 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
A multifamily property located at 31 Monument Sq in Boston, MA was recently sold for $3,500,000. The property spans 4,656 square feet, resulting in a price per square foot of $752. The sale transaction took place on 10/05/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 31 Monument Sq, Boston, MA
- Market: Boston, MA
- Square Footage: 4,656
- Price per Square Foot: $752
The buyer in this transaction was represented by Le Cao from Real Living Barbera Associates | Cambridge. The seller, on the other hand, was represented by Frank Celeste from Gibson Sotheby's International Realty.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93