Matthew Wessels Acquires Multifamily Property On Saratoga St In Boston For $1.21M
903 Saratoga Street, Boston, Massachusetts 02128, United States
$1,210,000
$296/SF
Building Size
4,080 SF
Asset Type
MultiFamily
Closing
Mar 3, 2022
AI
A multifamily property located at 903 Saratoga St in Boston, MA has been sold for a price of $1,210,000. The property consists of 3 units, resulting in a price per unit of $403,333. It spans across 4,080 square feet, making the price per square foot $297.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,210,000
- Units: 3
- Price per Unit: $403,333
- Total Square Footage: 4,080
- Price per Square Foot: $297
The buyer of the property is Matthew Wessels, while the seller is UGUYS Development LLC, represented by Anthony DiCesare. The transaction was sourced by Nick Daher, a broker from Broad Sound Real Estate.
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93