Apisit Limlomwongse Acquires 18-Unit Multifamily In Boston For $20M
37 Temple Pl Boston, MA 02111, USA
$20,000,000
$643/SF
Building Size
31,084 SF
Asset Type
MultiFamily
Closing
Sep 1, 2023
AI
The multifamily property located at 37-43 Temple Place in Boston, MA has been sold for $20,000,000. The property consists of 18 units, with a price per unit of $1,111,111. The total square footage is 31,084, with a price per square foot of $643.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Units: 18
- Price per Unit: $1,111,111
- Square Footage: 31,084
- Price per Square Foot: $643
- Address: 37-43 Temple Place, Boston, MA
- Market: Boston, MA
The buyer in this transaction is Apisit Limlomwongse, while the seller is Morris M Naggar. Kimberly Clark from Coldwell Banker Realty - Manchester by the Sea represented the buyer as their representative. On the other hand, the seller was represented by the team consisting of Bruce Lusa, Christopher Sower, John Flaherty, Jonathan Bryant, Julie Regan, Kevin Jones, and Mary VanNatta from Cushman & Wakefield.
Players
Market 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93