Updated Sep 9, 2024
Boston Trust Realty Group Acquires Multifamily Property On Ruthven St For $1.3M
89 Ruthven Street, Boston, Massachusetts, USA
$1,300,000
$240/SF
Building Size
5,406 SF
Asset Type
MultiFamily
Closing
Apr 25, 2021
About this deal
AI
The multifamily property located at 89 Ruthven St in Boston, MA has been sold in a recent transaction. The sale took place on April 26, 2021, with a sale price of $1,300,000. The property spans a total of 5,406 square feet, resulting in a price per square foot of $240. Hakim Sadler of Boston Trust Realty Group and MIG Realty acted as the brokers representing the parties involved in the sale.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,300,000
- Square Footage: 5,406
- Price per Square Foot: $240
- Address: 89 Ruthven St, Boston, MA
- Market: Boston, MA
Hakim Sadler, from Boston Trust Realty Group, and MIG Realty played a crucial role as the brokers in facilitating this transaction. Their expertise in the Boston real estate market contributed to the successful completion of the deal.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93