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4 Myrtle St Boston, MA 0211...

Coldwell Banker Acquires Multifamily Property In Boston For $2.3M
SOLDMultiFamily

Coldwell Banker Acquires Multifamily Property In Boston For $2.3M

4 Myrtle St Boston, MA 02114, USA

$2,307,500

$1,146/SF

Building Size

2,012 SF

Asset Type

MultiFamily

Closing

Jun 16, 2023

AI

A 2,012-square-foot multifamily property located at 4 Myrtle Street in Boston, MA was sold for $2,307,500 on June 16, 2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,307,500
  • Address: 4 Myrtle Street, Boston, MA
  • Market: Boston, MA
  • Buyer's Representative: Charlie Ring - Coldwell Banker
  • Seller's Representative: Rob Kilgore - Compass
  • Square Footage: 2,012
  • Price per Square Foot: $1,147

Charlie Ring, representing Coldwell Banker, served as the buyer's representative in the transaction, while Rob Kilgore, representing Compass, represented the seller.

Players

Charlie Ring

Coldwell Banker

Broker

$13.9M

vol

4 deals

Broker

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

6.87%

Cash-on-Cash

-1.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93