facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

9 Whitford Street, Boston, ...

Updated Dec 20, 2023

Gibson Sotheby's International Acquires Multifamily Property In Boston For $2.38M
SOLDMultiFamily

Gibson Sotheby's International Acquires Multifamily Property In Boston For $2.38M

9 Whitford Street, Boston, Massachusetts 02131, United States

$2,380,000

$371/SF

Building Size

6,400 SF

Asset Type

MultiFamily

Closing

Jun 28, 2022

About this deal

AI

The multifamily property located at 9-11 Whitford Street in Boston, MA was recently sold for a total price of $2,380,000. The transaction took place on June 29, 2022. The property consists of 2 units, with each unit priced at approximately $1,190,000. The total square footage of the property is 6,400, resulting in a price per square foot of $372. The sale was facilitated by Melissa Novaco from Troy & Associates, representing the seller, and the buyer was represented by Gibson Sotheby's International.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,380,000
  • Units: 2
  • Price Per Unit: $1,190,000
  • Square Footage: 6,400
  • Price Per Square Foot: $372
  • Date: June 29, 2022
  • Address: 9-11 Whitford Street, Boston, MA

The sale of this multifamily property at 9-11 Whitford Street was a successful transaction, thanks to the expertise and representation of Melissa Novaco from Troy & Associates as the seller's representative, and Gibson Sotheby's International as the buyer's representative. With their guidance and knowledge, the parties involved were able to complete the deal satisfactorily.

Players

Melissa Novaco

Broker

$3.4M

vol

2 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $371 per square foot on a published $2.4M for 6,400 square feet (2022).

Visit Melissa Novaco to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.67%

Cash-on-Cash

-1.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets