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90 Saint Botolph St, Boston...

90 Saint Botolph St
SOLDMultiFamily

90 Saint Botolph St

90 Saint Botolph St, Boston, MA, 02116

$5,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in this transaction is a brownstone apartment building located at 90 Saint Botolph St, Boston, MA, 02116. The building is situated in the Boston market and features a total of 10 units, which includes eight one-bedroom apartments and two studio apartments. At the time of the sale, the property was fully occupied, and it was sold for $5,000,000.00.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $5,000,000.00
  • Address: 90 Saint Botolph St, Boston, MA, 02116
  • Market: Boston
  • Seller's Representative: Carl Christie, Dan McGee
  • Buyer: 16 Pinckney Street LLC
  • Seller: 90 St. Botolph LLC

Carl Christie and Dan McGee of NAI Hunneman represented the seller in this transaction while also procuring the buyer. Their involvement facilitated a smooth transaction between 90 St. Botolph LLC and 16 Pinckney Street LLC.

Players

Dan McGee

Broker

$15.3M

vol

3 deals

Broker

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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93