Christine Mayer Acquires Multifamily Property In Boston, MA For $4.7M
37 Cunard St, Boston, MA 02120, USA
$4,700,000
$704/SF
Building Size
6,672 SF
Asset Type
MultiFamily
Closing
Dec 30, 2019
AI
Located at 37-39 Cunard Street in Boston, MA, this multifamily property was recently sold in a closed transaction. The property offers a total area of 6,672 square feet, with an asking price of $5,250,000 and a final sale price of $4,700,000. The price per square foot was calculated at $704, showcasing the value of this asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Address: 37-39 Cunard Street, Boston, MA
- Market: Boston, MA
- Buyer: Christine Mayer
- Broker: Nikolas Amicone & Boston Realty Advisors – Kevin Benzinger
- Asking Price: $5,250,000
- Square Footage: 6,672
The buyer in this transaction is Christine Mayer, while the broker representing the deal is Nikolas Amicone from Boston Realty Advisors, alongside Kevin Benzinger. They successfully facilitated the sale of this multifamily property, achieving a final sale price of $4,700,000. With its prime location in Boston, MA, and pricing at $704 per square foot, this property represents a valuable investment opportunity.
Players
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93