Updated Dec 21, 2023
Cypress Realty Acquires 2-Unit Multifamily In Boston For $1.58M
54 Mansfield Street, Boston, Massachusetts 02134, United States
$1,580,888
$632/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
Located at 54 Mansfield in Boston, MA, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Xi Zhao of Cypress Realty, LLC, who represented the buyer, and the Elevated Boston Team of Elevated Realty, LLC, who represented the seller. The property consists of two units and spans an area of 2,500 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,580,888
- Units: 2
- Price per Unit: $790,444
- Square Footage: 2,500
- Price per Square Foot: $632
- Buyer's Representative: Xi Zhao - Cypress Realty, LLC
- Seller's Representative: Elevated Boston Team - Elevated Realty, LLC
This successful transaction highlights the expertise of Xi Zhao from Cypress Realty, LLC, as well as the Elevated Boston Team from Elevated Realty, LLC. Both parties played crucial roles in representing the buyer and seller, respectively, ensuring a smooth and efficient sale process.
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
10.03%
Cash-on-Cash
-2.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93