Updated Oct 28, 2024
Keen Re Solutions Inc Sells Multifamily Property In Boston For $800,000
85 Spencer Street, Boston, MA, USA
$800,000
$300/SF
Building Size
2,662 SF
Asset Type
MultiFamily
Closing
May 3, 2021
About this deal
AI
The multifamily property at 85 Spencer St in Boston, MA has been sold. The transaction took place on 05/04/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $800,000
- Address: 85 Spencer St, Boston, MA
- Square Footage: 2,662
- Price per Square Foot: $300
The seller of the property was Keen Re Solutions Inc. The transaction was facilitated by the brokers Duane Miller from Boston Trust Realty Group and MIG Realty.
Note: The asking price for the property was $775,000.
The multifamily sale at 85 Spencer Street, Boston, MA, USA in Boston, Massachusetts sold for $800K in 2021. The building is 2,662 square feet, implying about 300 per square foot on the published price. Duane Miller, Boston Trust Realty Group appear on the sale alongside Boston Trust Realty Group. This page is the Boston, Massachusetts file for the 85 Spencer Street, Boston, MA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else sold near 85 Spencer Street, Boston, MA, USA around 2021. Published consideration for 85 Spencer Street, Boston, MA, USA is $800K, dated 2021. Cite this Keen Re Solutions Inc Sells Multifamily Property In Boston For $800,000 sale when underwriting similar multifamily product around Boston, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93