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.
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