Updated Sep 9, 2024
Century 21 North East Acquires Multifamily Property In East Boston, MA For $1M
8 Thurston Street
$1,000,000
$318/SF
Building Size
3,140 SF
Asset Type
MultiFamily
Closing
Aug 18, 2023
About this deal
AI
A multi-family property located at 8 Thurston Street in East Boston, MA, was sold for $1,000,000. The property measures 3,140 square feet, resulting in a price per square foot of $318.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 8 Thurston Street, East Boston, MA
- Market: East Boston, MA
- Buyer's Representative: Luis Tejada - Century 21 North East
- Seller's Representative: Kat Glaropoulos - Compass
- Square Feet: 3,140
- Price Per Square Foot: $318
Luis Tejada from Century 21 North East represented the buyer in this transaction, while Kat Glaropoulos from Compass represented the seller. The deal involved the transfer of a multi-family property in East Boston, MA.
Players
East 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93