Updated Dec 21, 2023
Jonathan H. Tran Acquires Multifamily Property In East Boston For $1.06M
7 Morris St, East Boston, Boston, Massachusetts, USA
$1,062,500
$387/SF
Building Size
2,739 SF
Asset Type
MultiFamily
Closing
Aug 5, 2021
About this deal
AI
A multifamily property located at 7 Morris St in East Boston, MA has been sold. The property consists of 3 units with a total of 2,739 square feet. The sale price for the property was $1,062,500, resulting in a price per unit of $354,167 and a price per square foot of $388.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,062,500
- Address: 7 Morris St, East Boston, MA
- Market: East Boston, MA
- Units: 3
- Price per Unit: $354,167
- Square Footage: 2,739
- Price per Square Foot: $388
The buyer of the property is Jonathan H. Tran, while the seller is Daniel Tauro.
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
14.93%
Cash-on-Cash
-4.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93