Updated Dec 21, 2023
Coldwell Banker Realty Newton Sells Multifamily Property In Boston For $2.32M
59a Strathmore Road, Boston, Massachusetts 02135, United States
$2,320,000
$511/SF
Building Size
4,539 SF
Asset Type
MultiFamily
Closing
Mar 13, 2022
About this deal
AI
The multifamily property located at 59A Strathmore Rd in Boston, MA has been sold for a price of $2,320,000. The sale of this property was facilitated by brokers Jian Wang and Todd Glaskin from Coldwell Banker Realty - Newton. The property spans across 4,539 square feet, resulting in a price per square foot of $511.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,320,000
- Square Footage: 4,539
- Price per Square Foot: $511
- Address: 59A Strathmore Rd, Boston, MA
- Market: Boston, MA
Jian Wang and Todd Glaskin from Coldwell Banker Realty - Newton played crucial roles as brokers in this transaction.
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
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93