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
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