Updated Dec 21, 2023
Frank Celeste Acquires Multifamily Property In Boston For $1.425M
4 Sheafe Street, Boston, Massachusetts, USA
$1,425,000
$595/SF
Building Size
2,393 SF
Asset Type
MultiFamily
Closing
Feb 23, 2021
About this deal
AI
The multifamily property located at 4 Sheafe Street in Boston, MA was recently sold for a price of $1,425,000. The property spans a total area of 2,393 square feet, resulting in a price per square foot of $595. The sale took place on February 24, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,425,000
- Square Footage: 2,393
- Price per Square Foot: $595
- Address: 4 Sheafe Street, Boston, MA
- Market: Boston, MA
The seller's representative in the transaction was David Broderick from David Broderick, while the buyer's representative was Frank Celeste from Gibson Sotheby's International Realty.
On the Map
$1,425,000
$595/SF
MultiFamily
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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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93