Updated Oct 28, 2024
Boston South Prop LLC Acquires 4-Unit Multifamily In Boston's South Russell Street For $2.7M
37 S Russell St, Boston, Massachusetts, USA
$2,725,000
$1,064/SF
Building Size
2,560 SF
Asset Type
MultiFamily
Closing
Aug 9, 2021
About this deal
AI
The property involved in this transaction is a multifamily located at 37 S Russell St in Boston, MA. The property consists of 4 units with a total square footage of 2,560. The sale price for this property was $2,725,000, resulting in a price per unit of $681,250 and a price per square foot of $1,064.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,725,000
- Units: 4
- Price Per Unit: $681,250
- Square Footage: 2,560
- Price Per Square Foot: $1,064
- Address: 37 S Russell St, Boston, MA
- Market: Boston, MA
In this transaction, the buyer was Boston South Prop Llc, and the seller was Michael C. Lesburg.
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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93