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413 Massachusetts Avenue, B...

Daniel Tully Sells Multifamily Property In Boston, MA For $3.55M
SOLDMultiFamily

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

Daniel Tully

Symphony Properties

Broker

$8.7M

vol

3 deals

Broker

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

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93