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63-65 Tower Street, Boston,...

Updated Sep 9, 2024

Keller Williams Realty Acquires Multifamily Property In Boston For $1.3M
SOLDMultiFamily

Keller Williams Realty Acquires Multifamily Property In Boston For $1.3M

63-65 Tower Street, Boston, MA, USA

$1,300,000

$378/SF

Building Size

3,432 SF

Asset Type

MultiFamily

Closing

Jun 15, 2020

About this deal

AI

Located at 63-65 Tower St in Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans 3,432 square feet and features multiple units, making it an ideal investment for buyers looking for a multifamily asset. The sale took place on June 15, 2021, and the property was sold for $1,300,000, resulting in a price per square foot of $379. The transaction was facilitated by Joe Donnelly from Vogt Realty Group, representing the seller, and Ian Cotterell from Keller Williams Realty, representing the buyer.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 63-65 Tower St, Boston, MA
  • Market: Boston, MA
  • Square Footage: 3,432 sqft
  • Price per Square Foot: $379
  • Seller's Representative: Joe Donnelly - Vogt Realty Group
  • Buyer's Representative: Ian Cotterell - Keller Williams Realty

The buyer, represented by Ian Cotterell from Keller Williams Realty, recognized the potential of this multifamily property in the vibrant market of Boston, MA. On the other side, Vogt Realty Group, led by Joe Donnelly, successfully facilitated this transaction, ensuring a smooth process for the seller. Both parties understood the value of this investment, leading to a successful deal. It showcases the expertise and professionalism of the representatives involved in the transaction.

Players

Joe Donnelly

Broker

$1.3M

vol

1 deal

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $378 per square foot on a published $1.3M for 3,432 square feet (2020).

Visit Keller Williams Realty to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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