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700 Cummins Hwy, Southern M...

Updated Oct 28, 2024

Battleship Realty & Stoughton Note Inv Acquires Multifamily In Mattapan For $3.59M
SOLDMultiFamily

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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Deal FAQ

About $229 per square foot on a published $3.6M for 15,600 square feet (2021).

Browse Massachusetts multifamily sales on Traded.

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

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