Updated Jan 22, 2025
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
About this deal
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.
On the Map
$3,650,000
$1,140/SF
MultiFamily
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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