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52 Tower Street

Jian Ping Ge Of Stonebridge Realty Represents Buyer In $1.13M Multifamily Sale At 52 Tower Street
SOLDMultiFamily

Jian Ping Ge Of Stonebridge Realty Represents Buyer In $1.13M Multifamily Sale At 52 Tower Street

52 Tower Street

$1,130,000

$505/SF

Building Size

2,235 SF

Asset Type

MultiFamily

Closing

Sep 3, 2024

AI

A multifamily property located at 52 Tower Street in Boston, MA, recently sold for $1,130,000. The asset comprises 2 units, offering a total of 2,235 square feet, which equates to $565,000 per unit and a price per square foot of $506. The property features a total of 7 bedrooms and 3 bathrooms.

Summary of transaction details:

The sale of the property involved Jian Ping Ge representing the buyer and Daniel Lee representing the seller, facilitating the transaction between the two parties in this multifamily property deal.

Players

Daniel Lee

Boston Plex

Broker

$4.9M

vol

3 deals

Broker

Jamaica Plain 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

14.04%

Cash-on-Cash

-4.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93