Updated Dec 19, 2023
Georges Merrell Acquires Multifamily Property On Shawmut Ave In Boston For $1.575M
433 Shawmut Avenue, Boston, MA, USA
$1,575,000
$418/SF
Building Size
3,764 SF
Asset Type
MultiFamily
Closing
Sep 1, 2021
About this deal
AI
Located at 433 Shawmut Ave in the city of Boston, MA, this multifamily property was recently sold for a total of $1,575,000. With a size of 3,764 square feet, the price per square foot was calculated to be $418. The property boasts impressive features and amenities, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,575,000
- Size: 3,764 sq ft
- Price per Square Foot: $418
- Market: Boston, MA
Georges Merrell served as the buyer in this transaction, while Georgia Murray & Mark M. Maloney acted as the sellers. The deal was successfully finalized on September 2, 2021. The transaction showcases the expertise and professionalism of the individuals and companies involved, enhancing their reputation in the real estate market.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93