Updated Dec 19, 2023
Adam Mundt Of Kingston Real Estate & Management Acquires Multifamily Property In Boston, MA For $2.025M
8 Parker Street, Boston, Massachusetts 02136, United States
$2,025,000
$435/SF
Building Size
4,649 SF
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
The multifamily property located at 8 Parker St in Boston, MA has been sold for a total price of $2,025,000. The property spans over 4,649 square feet, resulting in a price per square foot of $436. The transaction took place on September 15, 2022.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,025,000
- Address: 8 Parker St, Boston, MA
- Market: Boston, MA
The buyer, represented by Adam Mundt of Kingston Real Estate & Management, acquired the property. On the other hand, Tony Pepdjonovic from Marcus & Millichap Real Estate Investment Services acted as the seller's representative.
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
7.83%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93