High Street Properties Acquires Boston Property At 667 Massachusetts Ave For $4.3M
667 Massachusetts Ave, Boston, MA...
$4,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is a 10-unit brownstone building located at 667 Massachusetts Ave, Boston, MA. The transaction was completed for a price of $4,300,000.00. The property consists of both one-bedroom and two-bedroom units, specifically five of each. The market for this transaction is Boston, and the property also features access to public transportation via the Silver Line stop on Washington Street.
Summary of transaction details:
- Property Type: 10-unit brownstone building
- Transaction Amount: $4,300,000.00
- Address: 667 Massachusetts Ave, Boston, MA
- Market: Boston
- Seller's Representatives: Carl Christie, Dan McGee
- Buyer: High Street Properties
Carl Christie and Dan McGee of NAI Hunneman represented the undisclosed seller and facilitated the procurement of the buyer, High Street Properties. This transaction highlights the engagement of experienced professionals in arranging the sale within the Boston real estate market.
Players
Boston 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93