Updated Oct 28, 2024
SOLDMultiFamily
Paul Tocci Acquires Multifamily Property On W Cedar St In Boston For $4.2M
62 West Cedar Street, Boston, MA, USA
$4,200,000
$992/SF
Building Size
4,232 SF
Asset Type
MultiFamily
Closing
Sep 15, 2021
About this deal
AI
The multifamily property located at 62 W Cedar St in Boston, MA has been sold. The transaction took place on September 16, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 62 W Cedar St, Boston, MA
- Market: Boston, MA
- Buyer: Paul Tocci
- Seller: Mentakis Investments Lp
- Number of Units: 5
- Price Per Unit: $840,000
- Square Footage: 4,232
- Price Per Square Foot: $992
In this deal, Paul Tocci acted as the buyer, while Mentakis Investments Lp represented the seller as their agent.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93