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681 683 Washington Street

Historic Boston Incorporated Sells Multifamily Property At 681-683 Washington Street For $3.3M
SOLDMultiFamily

Historic Boston Incorporated Sells Multifamily Property At 681-683 Washington Street For $3.3M

681 683 Washington Street

$3,300,000

$384/SF

Building Size

8,580 SF

Asset Type

MultiFamily

Closing

Feb 13, 2025

AI

This multi-family property located at 681-683 Washington Street in Boston, MA, involves a sale transaction. The property has a sale price of $3,300,000 and comprises 5 units spread over a total square footage of 8,580. The price per unit is $660,000, while the price per square foot is $384.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,300,000
  • Seller: Historic Boston Incorporated
  • Broker: Collin Bray - Century 21
  • Total Units: 5
  • Square Footage: 8,580
  • Price Per Unit: $660,000
  • Price Per Square Foot: $384
  • Date of Sale: 02/13/2025

Collin Bray represented the seller, Historic Boston Incorporated, in this transaction, facilitating the sale process and ensuring all necessary details were managed effectively throughout the deal.

Players

Collin Bray

Century 21

Broker

$26.6M

vol

9 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93