Norton Point Winchester Street Acquires Multifamily Property In Boston For $1.4M
SOLD
$1,387,000
Massachusetts
See Similar DealsMultiFamily3,120 SF
Sold 03/29/2022
SOLD
Norton Point Winchester Street Acquires Multifamily Property In Boston For $1.4M
60 Webster Street, Boston, Massachusetts 02128, United States
See Similar DealsMultiFamily3,120 SF
Sold 03/29/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$444
Total Square Footage:3,120 SF
Transaction Type:Sale
A multifamily property located at 60 Webster St in Boston, MA was recently sold for a price of $1,387,000. The property spans a total of 3,120 square feet, resulting in a price per square foot of $445.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,387,000
- Address: 60 Webster St, Boston, MA
- Market: Boston, MA
The buyer of this property is Norton Point Winchester Street, while the seller is Joshua Stasio. The sale was facilitated by Carleton Ashley of Compass.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,973.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,927.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,575.09
Annual Debt Service$78,901.05
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