facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

663 Columbia Road

Eric Johnson & Alp Kantar Close $1.3M Multifamily Sale In Boston, MA
SOLDMultiFamily

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

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.

Players

Eric Johnson

Compass

Broker

$34.4M

vol

17 deals

Broker

Dorchester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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