Updated Dec 21, 2023
Boston Multifamily Sells For $1.18M With Buyer's Rep Zhonghui Zhu & Seller's Rep Rachel Mwankanye
7 Arion Street, Boston, Dorchester, Massachusetts, USA
$1,180,000
$382/SF
Building Size
3,084 SF
Asset Type
MultiFamily
Closing
Mar 17, 2021
About this deal
AI
The multifamily property located at 7 Arion Street in Boston, MA has been sold. The transaction took place on March 18, 2021, and the sale price amounted to $1,180,000. The property spans across 3,084 square feet, resulting in a price per square foot of $383.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Address: 7 Arion Street, Boston, MA
- Market: Boston, MA
- Seller's Representative: Rachel Mwankanye - Greater Investments
- Buyer's Representative: Zhonghui Zhu - East West Real Estate, LLC
- Square Footage: 3,084
- Price per Square Foot: $383
Rachel Mwankanye from Greater Investments represented the seller in the transaction, while Zhonghui Zhu from East West Real Estate, LLC represented the buyer.
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
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93