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8 Edson Street, Boston, Mas...

OnePath LLC Sells Multifamily Property On Edson Terrace In Boston For $830,000
SOLDMultiFamily

OnePath LLC Sells Multifamily Property On Edson Terrace In Boston For $830,000

8 Edson Street, Boston, Massachusetts, USA

$830,000

$415/SF

Building Size

2,000 SF

Asset Type

MultiFamily

Closing

Feb 28, 2021

AI

The multifamily property located at 8 Edson Terrace in Boston, MA was recently sold in a transaction that took place on 03/01/2021. The property was sold by OnePath LLC. The selling price for the property was $830,000, slightly below the initial asking price of $839,000. The property spans across 2,000 square feet, resulting in a price per square foot of $415.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $830,000
  • Address: 8 Edson Terrace, Boston, MA
  • Market: Boston, MA

The brokers involved in the deal were Daniel Jeannite and Anthony Jean-Baptiste from MIG - Boston Trust Realty Group. They represented the seller, OnePath LLC, throughout the transaction.

Players

Anthony Jean Baptiste

Boston Trust Realty Group

Broker

$8.8M

vol

6 deals

Broker

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

19.11%

Cash-on-Cash

-5.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93