Updated Sep 9, 2024
Nam Win Acquires Multifamily Property In Boston, MA For $3M
33 North Margin Street, Boston, MA 02113, USA
$3,000,000
$1,028/SF
Building Size
2,916 SF
Asset Type
MultiFamily
Closing
Sep 3, 2021
About this deal
AI
Located at 33 North Margin Street in Boston, MA, this multifamily property was recently sold in a successful transaction. The property consists of four units with a total square footage of 2,916. The sale price for this property was $3,000,000, which translates to a price per unit of $750,000. The price per square foot is calculated at $1,029.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 33 North Margin Street, Boston, MA
- Market: Boston, MA
- Buyer: Nam Win
- Seller: Sam Ting
- Seller's Representative: Giancarlo Tiberi & John Federico - Core Property Group
- Asking Price: $3,100,000
- Units: 4
- Square Footage: 2,916
The buyer in this transaction is Nam Win, while the seller is Sam Ting. Representing the seller in the deal were Giancarlo Tiberi & John Federico from Core Property Group. The sale of this multifamily property indicates a successful transaction in the Boston, MA market.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93