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72 West Rutland Square, Bos...

Steven M. Cohen & Bruce H. Withey Acquire Multifamily Property In Boston For $4.3M
SOLDMultiFamily

Steven M. Cohen & Bruce H. Withey Acquire Multifamily Property In Boston For $4.3M

72 West Rutland Square, Boston, MA, USA

$4,300,000

$991/SF

Building Size

4,338 SF

Asset Type

MultiFamily

Closing

Aug 16, 2021

AI

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.

Players

Steven Cohen

Buyer

$585.7M

vol

6 deals

Buyer

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93