Carl Christie Brokers $14.5M Sale Of Multifamily Property On Washington Street In Boston
SOLD
$14,530,000
Massachusetts
See Similar DealsMultiFamily34,117 SF
Sold 05/06/2022
SOLD
Carl Christie Brokers $14.5M Sale Of Multifamily Property On Washington Street In Boston
3383 Washington Boston, Massachusetts 02130, United States
See Similar DealsMultiFamily34,117 SF
Sold 05/06/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$425
Total Square Footage:34,117 SF
Transaction Type:Sale
Located at 3383 Washington in Boston, MA, this multifamily property has recently been sold in a closed transaction. The property spans a total area of 34,117 square feet, with a sale price of $14,530,000, resulting in a price per square foot of $426.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $14,530,000
- Square Footage: 34,117
- Price per Square Foot: $426
- Address: 3383 Washington, Boston, MA
The transaction was facilitated by broker Carl Christie, who represented the involved parties.
For more information, please refer to the Instagram post: instagram.com/p/CdyPL1gv0Hb.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$774,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,622.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,879.61
Annual Debt Service$826,555.35
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