William Natoli Acquires Multifamily Property In Boston For $2.4M
44 Phillips Street, Boston, Massachusetts, USA
$2,400,000
$781/SF
Building Size
3,072 SF
Asset Type
MultiFamily
Closing
Apr 27, 2021
AI
Located at 44 Phillips St in Boston, MA, this multifamily property was recently sold for a price of $2,400,000. The property spans across 3,072 square feet, resulting in a price per square foot of $781. The transaction took place on April 28, 2021, and the sale was facilitated by Eliott Levine, representing the seller, and William Natoli, representing the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 44 Phillips St, Boston, MA
- Market: Boston, MA
- SF: 3,072
- PPSF: $781
- Seller's Representative: Eliott Levine
- Buyer's Representative: William Natoli
William Natoli, acting as the buyer's representative, successfully facilitated the purchase of this multifamily property located at 44 Phillips St. Eliott Levine, serving as the seller's representative, ensured a smooth transaction. Together, they played integral roles in bringing this deal to fruition.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93