Updated Dec 20, 2023
Multifamily Building At 8 & 9 Monument Sq In Boston, MA Sells For $6.3M With Coldwell Banker Realty As Brokers
8 Monument Square, Boston, Massachusetts 02129, United States
$6,300,000
$538/SF
Building Size
11,708 SF
Asset Type
MultiFamily
Closing
Jan 30, 2022
About this deal
AI
Located in Boston, MA, the property at 8 & 9 Monument Sq recently changed hands through a sale transaction. This multifamily asset consists of 4 units and spans across 11,708 square feet. The sale price for this property was recorded at $6,300,000, resulting in a price per unit (PPU) of $1,575,000 and a price per square foot (PPSF) of $538.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Units: 4
- Square Footage: 11,708
- Address: 8 & 9 Monument Sq, Boston, MA
- Market: Boston, MA
The sale of this property was facilitated by the brokers Matthew Freeman & Susan Lewis-Grant from Coldwell Banker Realty - Milton. Their expertise and representation played a significant role in the successful completion of the deal.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93