Multifamily Property In Boston, MA Sold For $890K By Ali Choucri & Raz Panossian Of East Group Real Estate - Engel & Völkers
315 Meridian Street, Boston, MA, USA
$890,000
$440/SF
Building Size
2,020 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
AI
A multifamily property located at 315 Meridian St in Boston, MA was recently sold in a closed transaction. The sale took place on 06/30/2021, and the property was listed by Ali Choucri & Raz Panossian from East Group Real Estate - Engel & Völkers. The asking price for the property was $898,000, and it was sold for $890,000. The property spans 2,020 square feet, with a price per square foot of $441. It consists of three units, and the price per unit was $296,666.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $890,000
- Date: 06/30/2021
- Address: 315 Meridian St, Boston, MA
- Market: Boston, MA
- Listing Agent: Ali Choucri & Raz Panossian - East Group Real Estate - Engel & Völkers
- Asking Price: $898,000
- Square Footage: 2,020
- Price Per Square Foot: $441
- Number of Units: 3
- Price Per Unit: $296,666
The successful sale of this multifamily property showcases the expertise of Ali Choucri & Raz Panossian from East Group Real Estate - Engel & Völkers in the Boston, MA market. Their representation and negotiation skills played a significant role in achieving a sale price of $890,000 for the property.
Players
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
17.82%
Cash-on-Cash
-5.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93