Updated Dec 4, 2024
Eric Johnson & Alp Kantar Close $1.3M Multifamily Sale In Boston, MA
663 Columbia Road
$1,300,000
$395/SF
Building Size
3,288 SF
Asset Type
MultiFamily
Closing
Jun 28, 2024
About this deal
AI
A gutted "triple decker" at 663 Columbia Rd in Boston's Savin Hill neighborhood recently changed hands for $1.3 million. The multifamily property comprises 3,288 square feet and includes 3 units, translating to a price per unit of $433,333. With a price per square foot of $395, the asset offers views of downtown Boston and comes with 4 parking spaces.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 3
- Price per Unit: $433,333
- Square Footage: 3,288
- Price per Square Foot: $395
- Address: 663 Columbia Road, Boston, MA
- Market: Boston, MA
- Buyer's Rep: Eric Johnson - Compass
- Seller's Rep: Alp Kantar - Boston Brokerage Group
Eric Johnson from Compass represented the buyer, while Alp Kantar from Boston Brokerage Group served as the seller's representative in this transaction.
On the Map
$1,300,000
$395/SF
MultiFamily
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Dorchester 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