Red Tree Real Estate Sells Multifamily Property In Boston, MA For $3.45M
9 Mansfield St, Boston, Allston, Massachusetts, USA
$3,450,000
$697/SF
Building Size
4,944 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
AI
Located at 9 Mansfield St in Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans a total of 4,944 square feet and was sold for a price of $3,450,000, resulting in a price per square foot of $698. The sale took place on July 1, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Square Footage: 4,944
- Price Per Square Foot: $698
- Address: 9 Mansfield St, Boston, MA
- Seller's Representative: Jerome Bibuld - Red Tree Real Estate
- Buyer's Representative: Dino Bacoka - Red Tree Real Estate
- Market: Boston, MA
Jerome Bibuld from Red Tree Real Estate represented the seller in this transaction, while Dino Bacoka, also from Red Tree Real Estate, represented the buyer. The transaction showcases the expertise and negotiation skills of the involved parties.
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93