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

Property Image
SOLD
$3,650,000
Brian Quinn

Massachusetts

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MultiFamily3,200 SF
Sold 01/02/2025
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Property Image
SOLD

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

46 Cedar Lane Way

See Similar Deals
MultiFamily3,200 SF
Sold 01/02/2025
Brian Quinn
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,140
Total Square Footage:3,200 SF
Transaction Type:Sale

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
5 deals$25.5M volume(858) 352-2902
BROKER


Brian Quinn
 Commonwealth Properties Residential
1 deal$3.7M volume(617) 686-1072
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: Brian Quinn DATE: 01/02/2025 ADDRESS: 46 Cedar Lane Way MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Brian Quinn - Commonwealth Properties Residential SELLER'S REP: Timothy Linnane - Coldwell Banker (@ColdwellBanker) SALE PRICE: $3,650,000 UNITS: 3 ~ PPU: $1,216,667 SF: 3,200 ~ PPSF: $1,141 NOTE: A fully renovated 3-family brownstone at 46 Cedar Lane Way, Boston, MA, was sold for $3.6M in 2025. The property, located in the historic Beacon Hill neighborhood, offers 5 bedrooms, 5 bathrooms, and high-end finishes across five floors, currently used as a high-end rental building but easily convertible to a single-family home.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$194,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35