Daniel Tully Sells Multifamily Property In Boston, MA For $3.55M
413 Massachusetts Avenue, Boston, Massachusetts 02118, United States
$3,550,000
$734/SF
Building Size
4,835 SF
Asset Type
MultiFamily
Closing
Jul 7, 2022
AI
A multifamily property located at 413 Massachusetts Ave in Boston, MA was recently sold for a total price of $3,550,000. The property consists of 5 units, with each unit having a price per unit (PPU) of $710,000. The total square footage of the property is 4,835, resulting in a price per square foot (PPSF) of $734. The sale was facilitated by Daniel Tully of Symphony Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Units: 5
- Price Per Unit (PPU): $710,000
- Square Footage: 4,835
- Price Per Square Foot (PPSF): $734
The broker responsible for this transaction was Daniel Tully, representing Symphony Properties. Tully played a key role in facilitating the sale, ensuring a smooth transaction for all parties involved.
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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93