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
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