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
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