Updated Dec 21, 2023
Sweet Home Realty Acquires Multifamily Property In Boston For $1.2M
9 Elmira St Boston, MA 02135, USA
$1,200,000
$505/SF
Building Size
2,376 SF
Asset Type
MultiFamily
Closing
May 19, 2022
About this deal
AI
Located at 7-9 Elmira St in Boston, MA, this multifamily property was recently sold in a closed transaction on May 20, 2022. The property spans a total area of 2,376 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $505.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 7-9 Elmira St, Boston, MA
- Market: Boston, MA
Representing the buyer in this transaction was Wangni Tian from Sweet Home Realty. On the other side, the seller was represented by Corkin Cantor Group from Coldwell Banker Realty - Newton.
Players
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93