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46 Cedar Lane Way

Brian Quinn Of Commonwealth Properties Residential Represents Buyer In Boston Multifamily Sale For $3.65M
SOLDMultiFamily

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

Brian Quinn

JLL

Broker

$25.5M

vol

5 deals

Broker
JLL
JLLBrokerage

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