Updated Dec 19, 2023
Craig M. Scott Acquires 3-Unit Multifamily Property In Boston For $4.45M
57 Hancock St, Boston, Massachusetts, USA
$4,450,000
$929/SF
Building Size
4,786 SF
Asset Type
MultiFamily
Closing
Oct 4, 2021
About this deal
AI
A multifamily property located at 57 Hancock St in Boston, MA has been sold for a price of $4,450,000. The property consists of 3 units with a total square footage of 4,786. The price per unit is $1,483,333 and the price per square foot is $930.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,450,000
- Units: 3
- Price per Unit: $1,483,333
- Square Footage: 4,786
- Price per Square Foot: $930
The buyer of the property is Craig M. Scott, and the seller is Jane M. Stahl Ret & Nicholas Stahl.
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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93