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307/309 W Broadway, Boston,...

Alexander Theocles Of HSRE Group Brokers $3.2M Sale Of 5-unit Multifamily In Boston, MA
SOLDMultiFamily

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

Alexander Theocles

Berkshire Hathaway HomeServices

Broker

$4.3M

vol

2 deals

Broker
Theocles Realty Advisors
Theocles Realty AdvisorsBrokerage

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