Updated Sep 9, 2024
Gerald Eichinger Acquires Multifamily Property In Boston For $2.56M
43 Charter St Boston, MA 02113, USA
$2,562,500
$585/SF
Building Size
4,375 SF
Asset Type
MultiFamily
Closing
Jun 21, 2023
About this deal
AI
A multifamily property located at 43 Charter Street in Boston, MA has been sold for a total price of $2,562,500. The property consists of 4 units, with an average price per unit of $640,625. The total square footage of the property is 4,375, resulting in a price per square foot of $586.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,562,500
- Units: 4
- Price Per Unit: $640,625
- Square Footage: 4,375
- Price Per Square Foot: $586
The buyer in this transaction is Gerald Eichinger, while the seller is Faramarz Bahrehmand. The deal was facilitated by brokers John Federico and Ryan Quinn of Grove Property Group.
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
6.19%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93