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44 Phillips Street, Boston,...

William Natoli Acquires Multifamily Property In Boston For $2.4M
SOLDMultiFamily

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

Eliott Levine

Broker

$9M

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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93