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.
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