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315 Meridian Street, Boston...

Multifamily Property In Boston, MA Sold For $890K By Ali Choucri & Raz Panossian Of East Group Real Estate - Engel & Völkers
SOLDMultiFamily

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

Ali Choucri

Broker

$6M

vol

5 deals

Broker

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