Updated Sep 9, 2024
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
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93