Updated Dec 20, 2023
Lewis & Joyce Real Estate Acquires Multifamily Property In Boston For $1M
513 Washington Street, Boston, MA, USA
$1,000,008
$227/SF
Building Size
4,392 SF
Asset Type
MultiFamily
Closing
Dec 1, 2021
About this deal
AI
Located at 513 Washington St in Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans 4,392 square feet, offering ample living space for residents. The sale price for this property was recorded at $1,000,008, resulting in a price per square foot of $228.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,008
- Address: 513 Washington St, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Mike Huang - Lewis & Joyce Real Estate
- Seller's Representative: Kendin Carr - Kendin Carr
This successful transaction was facilitated by the buyer's representative, Mike Huang, from Lewis & Joyce Real Estate, and the seller's representative, Kendin Carr, from Kendin Carr. Both professionals played a crucial role in ensuring a smooth and successful sale.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93