Updated Sep 9, 2024
Greg Segnini Acquires Multifamily Property On Monmouth St In Boston For $1.18M
51 Monmouth Street, East Boston, Massachusetts 02128, United States
$1,180,000
$322/SF
Building Size
3,655 SF
Asset Type
MultiFamily
Closing
Jul 6, 2022
About this deal
AI
Located at 51 Monmouth St in Boston, MA, this multifamily property was recently sold in a closed transaction. The sale was finalized on 07/07/2022, with a sale price of $1,180,000. The property consists of three units, offering a price per unit of $393,333. With a total area of 3,655 square feet, the price per square foot stands at $323.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Units: 3
- Price per Unit: $393,333
- Square Feet: 3,655
- Price per Square Foot: $323
The buyer of the property was Greg Segnini, while Erik Fordyce acted as the seller. Representing the buyer was Randy Pomfret from Sotheby's International Realty, and Ryan Taylor from Coldwell Banker represented the seller in this transaction.
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
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93