Compass Acquires Multifamily Property On Baker St In Boston For $1.6M
349 Baker Street, Boston, Massachusetts 02132, United States
$1,600,000
$481/SF
Building Size
3,321 SF
Asset Type
MultiFamily
Closing
May 30, 2022
AI
Located at 345-349 Baker St in Boston, MA, this multifamily property was recently sold in a closed transaction. With a sale price of $1,600,000, this property spans across 3,321 square feet. The price per square foot for this transaction was $482.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 345-349 Baker St, Boston, MA
- Market: Boston, MA
- Buyer's Rep: Eric Tam - Compass
- Seller's Rep: Todd Glaskin - Coldwell Banker Realty - Newton
Representing the buyer in this transaction was Eric Tam from Compass. Meanwhile, Todd Glaskin from Coldwell Banker Realty - Newton acted as the seller's representative. These individuals played crucial roles in facilitating the successful sale of this multifamily property.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93