Paul Tocci Acquires Residential & Commercial Property On Tremont Street For $23.6M
SOLD
$23,569,000
Massachusetts
See Similar DealsOther36,454 SF
Sold 06/30/2020
SOLD
Paul Tocci Acquires Residential & Commercial Property On Tremont Street For $23.6M
1457 Tremont St, Boston, MA 02120, USA
See Similar DealsOther36,454 SF
Sold 06/30/2020
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$646
Total Square Footage:36,454 SF
Transaction Type:Sale
The property located at 1457 Tremont Street in Mission Hill, MA has been sold in a closed transaction. The property includes both residential and commercial units, and spans a total area of 36,454 square feet. The sale price for this property was $23,569,000, resulting in a price per square foot of $647.
Summary of transaction details
- Property Type: Residential & Commercial
- Transaction Amount: $23,569,000
- Square Footage: 36,454
- Address: 1457 Tremont Street
- Market: Mission Hill, MA
The seller of the property was Patrick Mahoney, while the buyer was Paul Tocci. Both parties were represented by their respective brokers in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,257,013.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,735.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,729.08
Annual Debt Service$1,340,749.01
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