Steven M. Cohen & Bruce H. Withey Acquire Multifamily Property In Boston For $4.3M
SOLD
Massachusetts
See Similar DealsMultiFamily4,338 SF
Sold 08/17/2021
SOLD
Steven M. Cohen & Bruce H. Withey Acquire Multifamily Property In Boston For $4.3M
72 West Rutland Square, Boston, MA, USA
See Similar DealsMultiFamily4,338 SF
Sold 08/17/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$991
Total Square Footage:4,338 SF
Transaction Type:Sale
The multifamily property located at 72 W Rutland Sq in Boston, MA has been sold for $4,300,000. The property spans 4,338 square feet, resulting in a price per square foot of $991.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Address: 72 W Rutland Sq, Boston, MA
- Market: Boston, MA
- Buyer: Steven M. Cohen & Bruce H. Withey
- Seller: Frederick Knabe & Louise Knab
The buyers, Steven M. Cohen and Bruce H. Withey, have purchased the property from Frederick Knabe and Louise Knab. The transaction marks the successful transfer of ownership for the multifamily asset.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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