Updated Sep 9, 2024
Alp Kantar Acquires Multifamily Property On Massachusetts Ave For $2.55M
670 Massachusetts Ave, Boston, Massachusetts, USA
$2,550,000
$637/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Jul 18, 2021
About this deal
AI
A multifamily property located at 670 Massachusetts Ave in Boston, MA has been sold for a price of $2,550,000. The property spans approximately 4,000 square feet and was sold at a price per square foot of $638.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 670 Massachusetts Ave, Boston, MA
- Market: Boston, MA
The seller's representative for this transaction was Zhengnan Kang from Blue Ocean Realty, LLC. Alp Kantar from Boston Brokerage Group represented the buyer.
The multifamily sale at 670 Massachusetts Ave, Boston, Massachusetts, USA in Boston, Massachusetts sold for $2.6M in 2021. The building is 4,000 square feet, implying about 637 per square foot on the published price. Alp Kantar, Zhengnan Kang, Boston Brokerage Group appear on the sale alongside Boston Brokerage Group. This page is the Boston, Massachusetts file for the 670 Massachusetts Ave, Boston, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else sold near 670 Massachusetts Ave, Boston, Massachusetts, USA around 2021. Published consideration for 670 Massachusetts Ave, Boston, Massachusetts, USA is $2.6M, dated 2021. Cite this Alp Kantar Acquires Multifamily Property On Massachusetts Ave For $2.55M sale when underwriting similar multifamily product around Boston, Massachusetts.
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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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93