Updated Dec 21, 2023
Paul Tocci Acquires Residential & Commercial Property On Tremont Street For $23.6M
1457 Tremont St, Boston, MA 02120, USA
$23,569,000
$646/SF
Building Size
36,454 SF
Asset Type
Other
Closing
Jun 29, 2020
About this deal
AI
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.
Players
Boston Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
About $646 per square foot on a published $23.6M for 36,454 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93