Updated Dec 4, 2024
Richard Lynds & Linda Houllahan Broker $1.1M Sale Of Multifamily Property In East Boston
47 Condor Street
$1,100,000
$299/SF
Building Size
3,672 SF
Asset Type
MultiFamily
Closing
May 17, 2024
About this deal
AI
A multifamily property at 47 Condor Street in East Boston, MA, was sold for $1.1 million, with a size of 3,672 square feet, equating to a price per square foot of $300.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 47 Condor Street
- Market: East Boston, MA
- Buyer's Representative: Richard Lynds - RCL Real Estate
- Seller's Representative: Linda Houllahan - Jacob Realty
Richard Lynds of RCL Real Estate represented the buyer, while Linda Houllahan of Jacob Realty represented the seller in the transaction.
On the Map
$1,100,000
$299/SF
MultiFamily
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Players
East 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93