Updated Dec 19, 2023
Tami, Benny, Seraaj, Andrew & Arina Acquire Multifamily Property On Massachusetts Ave For $6.45M
541 Massachusetts Avenue, Boston, Massachusetts 02118, United States
$6,455,000
$963/SF
Building Size
6,700 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
Located at 541 Massachusetts Ave in Boston, MA, this multifamily property was recently sold. The transaction took place on 06/03/2022 and was facilitated by John Burns of John Burns Realty.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,455,000
- Address: 541 Massachusetts Ave, Boston, MA
- Market: Boston, MA
- Buyer: Tami, Benny, Seraaj, Andrew & Arina
- Units: 5
- Price per Unit: $1,291,000
- Square Footage: 6,700
- Price per Square Foot: $963
Tami, Benny, Seraaj, Andrew, and Arina are the purchasers of this property. They acquired the multifamily asset for a total of $6,455,000. The property spans 6,700 square feet, offering 5 units with an average price per unit of $1,291,000. The price per square foot for this transaction was calculated at $963.
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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93