Updated Dec 20, 2023
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
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
6.67%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93