Updated Sep 5, 2024
Keller Williams Boston Metrowest Facilitates $1.35M Sale Of Multifamily Property On Empire St, Boston
62 Empire St, Boston, MA 02134
$1,355,100
$347/SF
Building Size
3,903 SF
Asset Type
MultiFamily
Closing
May 11, 2022
About this deal
AI
The multifamily property located at 62 Empire St in Boston, MA has been sold for a total price of $1,355,100. The property consists of 3 units, with each unit having a price per unit (PPU) of $451,700. The total square footage of the property is 3,903, resulting in a price per square foot (PPSF) of $347.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,355,100
- Address: 62 Empire St, Boston, MA
- Market: Boston, MA
- Units: 3
- PPU: $451,700
- SF: 3,903
- PPSF: $347
Fay Wong from Keller Williams Boston Metrowest represented the buyer in this transaction, while Maria Ho, also from Keller Williams Boston Metrowest, represented the seller. Both individuals played crucial roles in ensuring a successful deal.
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
11.71%
Cash-on-Cash
-3.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93