Updated Dec 18, 2023
Jing Team Acquires Multifamily Property On S Russell St, Boston For $2.57M
8 South Russell Street, Boston, MA, USA
$2,570,000
$848/SF
Building Size
3,028 SF
Asset Type
MultiFamily
Closing
Oct 7, 2021
About this deal
AI
An multifamily property located at 8 S Russell St in Boston, MA was recently sold on 10/07/2021. The property, spanning 3,028 square feet, was sold for a total price of $2,570,000, resulting in a price per square foot of $849.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,570,000
- Date: 10/07/2021
- Address: 8 S Russell St, Boston, MA
- Market: Boston, MA
The buyer in this transaction was represented by the Jing Team from Compass, while the Vineburgh DiMella Team from Charlesgate Realty Group, llc served 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
6.17%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93