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38 Cross Street

Multifamily Property In Charlestown, MA Sold For $1.51M With Buyer's Rep Jane Reitz & Seller's Rep Andrea Petrino
SOLDMultiFamily

Multifamily Property In Charlestown, MA Sold For $1.51M With Buyer's Rep Jane Reitz & Seller's Rep Andrea Petrino

38 Cross Street

$1,510,000

$756/SF

Building Size

1,996 SF

Asset Type

MultiFamily

Closing

Sep 20, 2023

AI

A multifamily property located at 38 Cross Street in Charlestown, MA, was sold for $1,510,000. The transaction involved a 1,996-square-foot property, resulting in a price per square foot of $757.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,510,000
  • SF: 1,996
  • PPSF: $757
  • Address: 38 Cross Street, Charlestown, MA
  • Market: Charlestown, MA

Jane Reitz from Reitz Realty Group represented the buyer in this transaction, while Andrea Petrino from RPR served as the seller's representative.

Players

Andrea Petrino

RPR

Broker

$2.6M

vol

2 deals

Broker

Charlestown 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

10.51%

Cash-on-Cash

-3.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93