Updated Oct 28, 2024
7-9 Pratt St Llc Acquires Multifamily Property On Pratt St In Allston For $2.2M
7 Pratt St, Allston, MA, USA
$2,200,000
$436/SF
Building Size
5,035 SF
Asset Type
MultiFamily
Closing
Jul 6, 2021
About this deal
AI
The multifamily property located at 5 Pratt St & 7 Pratt St in Allston, MA has been sold. The transaction took place on July 7, 2021, and the property was purchased by 7-9 Pratt St Llc for a total price of $2,200,000. The property spans a total of 5,035 square feet, resulting in a price per square foot of $437.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 5 Pratt St & 7 Pratt St
- Market: Allston, MA
The seller of the property was William C. Cole-French & Colinda M. Cole-French, while the buyer was 7-9 Pratt St Llc. Both parties were represented by their respective brokers in the deal.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93