Updated Nov 17, 2023
William Raveis Real Estate Acquires Multifamily Property On Newbury St In Boston For $4.66M
535 Newbury Street, Boston, Massachusetts 02215, United States
$4,660,000
$1,165,000/SF
Building Size
4 SF
Asset Type
MultiFamily
Closing
Dec 15, 2022
About this deal
AI
The multifamily property located at 535 Newbury St in Boston, MA has been sold for $4,660,000. The transaction took place on December 15, 2022. The property spans 4,594 square feet and has a price per square foot of $1,014.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,660,000
- Address: 535 Newbury St, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Robb Silva - William Raveis Real Estate
- Seller's Representative: The Residential Group - William Raveis Real Estate
- Square Footage: 4,594
- Price per Square Foot: $1,014
Robb Silva from William Raveis Real Estate represented the buyer in this transaction. The sellers were represented by The Residential Group, also from William Raveis Real Estate.
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
3.40%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93