Alexander Theocles Of HSRE Group Brokers $3.2M Sale Of 5-unit Multifamily In Boston, MA
307/309 W Broadway, Boston, MA 02127
$3,200,000
$474/SF
Building Size
6,740 SF
Asset Type
MultiFamily
Closing
Aug 25, 2022
AI
A multifamily property located at 307/309 W Broadway in Boston, MA has been sold for $3,200,000. The property consists of 5 units, with an average price per unit of $640,000. The total square footage of the property is 6,740, resulting in a price per square foot of $475.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Units: 5
- Price per Unit: $640,000
- Square Footage: 6,740
- Price per Square Foot: $475
- Address: 307/309 W Broadway, Boston, MA
- Broker: Alexander Theocles - HSRE Group
- Market: Boston, MA
The sale was facilitated by Alexander Theocles from HSRE Group. The transaction showcases the successful collaboration between the buyer and seller, resulting in the transfer of ownership for the multifamily property at 307/309 W Broadway, Boston, MA.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93