Paul Tocci Acquires Multifamily Property On W Cedar St In Boston For $4.2M
SOLD
$4,200,000
Massachusetts
See Similar DealsMultiFamily4,232 SF
Sold 09/16/2021
SOLD
Paul Tocci Acquires Multifamily Property On W Cedar St In Boston For $4.2M
62 West Cedar Street, Boston, MA, USA
See Similar DealsMultiFamily4,232 SF
Sold 09/16/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$992
Total Square Footage:4,232 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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