Updated Dec 18, 2023
Fenway CDC & Schochet Cos. Acquire Multifamily Property On Columbus Ave In Boston For $26M
599 Columbus Avenue, Boston, Massachusetts 02118, United States
$26,000,000
Units
97
Asset Type
MultiFamily
Closing
Jun 13, 2022
About this deal
AI
The multifamily property located at 599 Columbus Ave in Boston, MA has been sold for a total price of $26,000,000. The transaction took place on 06/14/2022 and involved a total of 97 units. The price per unit was calculated at $268,041.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $26,000,000
- Address: 599 Columbus Ave, Boston, MA
- Market: Boston, MA
- Buyer: Fenway Community Development Corporation - Nikki Flionis & Schochet Companies - Richard Henken
- Units: 97
- Price Per Unit (PPU): $268,041
The buyer of the property was Fenway Community Development Corporation represented by Nikki Flionis, along with Schochet Companies represented by Richard Henken.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93