Updated Oct 28, 2024
Battleship Realty & Stoughton Note Inv Acquires Multifamily In Mattapan For $3.59M
700 Cummins Hwy, Southern Mattapan, Boston, MA, USA
$3,587,000
$229/SF
Building Size
15,600 SF
Asset Type
MultiFamily
Closing
Jul 13, 2021
About this deal
AI
The multifamily property at 700 Cummins Hwy in Mattapan, MA has been sold for a total price of $3,587,000. The property spans approximately 15,600 square feet, resulting in a price per square foot of $230. It consists of 16 units, with each unit valued at around $224,188.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $3,587,000
- Address: 700 Cummins Hwy, Mattapan, MA
- Market: Mattapan, MA
- Seller: 700 Cummins Highway Llc
- Buyer: Battleship Realty Llc & Stoughton Note Inv Llc
- Square Footage: 15,600
- Price Per Square Foot: $230
- Units: 16
- Price Per Unit: $224,188
The sale of the property was facilitated by the seller's representative, who ensured a successful transaction between 700 Cummins Highway Llc and the buying entities, Battleship Realty Llc and Stoughton Note Inv Llc.
Players
Mattapan 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
4.42%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93