John Manganro Acquires 10-Unit Multifamily In Boston For $5.9M
323 Commonwealth Avenue
$5,900,000
$710/SF
Building Size
8,300 SF
Asset Type
MultiFamily
Closing
Nov 2, 2023
AI
A multifamily property located at 323 Commonwealth Avenue in Boston, MA has been sold for a price of $5,900,000. The property consists of 10 units with an average price per unit of $590,000. The total square footage of the property is 8,300, resulting in a price per square foot of $711.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Address: 323 Commonwealth Avenue, Boston, MA
- Market: Boston, MA
- Buyer: John Manganro
- Seller: Donald J Boyko
- Buyer's Representative: Stephanie Deering - ABG Commercial Advisors
- Seller's Representatives: Ryan Taylor & Brayden Haney - Fortune Realty
- Units: 10
- Price per Unit: $590,000
- Square Footage: 8,300
- Price per Square Foot: $711
The buyer of the property is John Manganro, and the seller is Donald J Boyko. Stephanie Deering from ABG Commercial Advisors represented the buyer in this transaction. On the other hand, Ryan Taylor and Brayden Haney from Fortune Realty acted as the seller's representatives.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93