Updated Dec 21, 2023
Coldwell Banker Realty Acquires Multifamily Property In Boston, MA For $1.6M
444 Summer Street, Boston, Massachusetts 02210, United States
$1,600,000
$529/SF
Building Size
3,023 SF
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
The multifamily property located at 444 Sumner St in Boston, MA has been sold for a price of $1,600,000. The property spans across 3,023 square feet, with a price per square foot of $529.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 444 Sumner St, Boston, MA
- Square Footage: 3,023
- Price per Square Foot: $529
- Market: Boston, MA
The sale was facilitated by Charles Petitti from Coldwell Banker Realty - Newton, who represented the buyer and seller in the deal.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93