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.
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