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:
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Units: 2
- Price Per Unit: $565,000
- Square Footage: 2,235
- Price Per Square Foot: $506
- Buyer’s Representative: Jian Ping Ge - Stonebridge Realty
- Seller’s Representative: Daniel Lee - Boston Plex
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
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