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37 Temple Pl Boston, MA 021...

Apisit Limlomwongse Acquires 18-Unit Multifamily In Boston For $20M
SOLDMultiFamily

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

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker

Apisit Limlomwongse

Buyer

$59.3M

vol

4 deals

Buyer

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