Brian Quinn Of Commonwealth Properties Residential Represents Buyer In Boston Multifamily Sale For $3.65M
46 Cedar Lane Way
$3,650,000
$1,140/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Jan 2, 2025
AI
A fully renovated 3-family brownstone located at 46 Cedar Lane Way, Boston, MA, was sold for $3,650,000. The property consists of 3 units with a total square footage of 3,200 and a price per unit of $1,216,667. The price per square foot is noted as $1,141 and is positioned in the Boston market.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,650,000
- Units: 3
- Price Per Unit: $1,216,667
- Square Footage: 3,200
- Price Per Square Foot: $1,141
- Buyer's Representative: Brian Quinn -Commonwealth Properties Residential
- Seller's Representative: Timothy Linnane - Coldwell Banker
The property is currently utilized as a high-end rental building but possesses the potential for conversion into a single-family home. This transaction highlights the collaboration between Brian Quinn ofCommonwealth Properties Residential, representing the buyer, and Timothy Linnane of Coldwell Banker, representing the seller.
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93