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85 Spencer Street, Boston, ...

Updated Oct 28, 2024

Keen Re Solutions Inc Sells Multifamily Property In Boston For $800,000
SOLDMultiFamily

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.

Players

Duane Miller

Boston Trust Realty Group

Broker

$800K

vol

1 deal

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $300 per square foot on a published $800K for 2,662 square feet (2021).

Visit Boston Trust Realty Group to view all their deals.

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

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