Updated Dec 18, 2023
Century 21 Cityside Sells Multifamily Property On Columbia Rd, Boston For $1.455M
787 Columbia Road, Boston, Massachusetts 02125, United States
$1,455,000
$328/SF
Building Size
4,428 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
The multifamily property located at 787 Columbia Rd in Boston, MA has been sold. The transaction was facilitated by David Cahill from Century 21 Cityside. The property was sold for a total price of $1,455,000. The total square footage of the property is 4,428, resulting in a price per square foot of $329.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,455,000
- Address: 787 Columbia Rd, Boston, MA
- Square Footage: 4,428
- Price Per Square Foot: $329
- Broker: David Cahill - Century 21 Cityside
This sale represents a successful transaction in the Boston real estate market, with David Cahill of Century 21 Cityside representing the buyer or seller in the deal. The sale price of $1,455,000 reflects the value of the property, which offers 4,428 square feet of space. With a price per square foot of $329, this multifamily property presents a compelling investment opportunity in Boston's competitive market.
Players
Boston 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
10.90%
Cash-on-Cash
-3.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93