Updated Dec 21, 2023
Mark B. Elefante Sells Parking Garage On Brimmer St, Boston To Kurt R. Steinkrauss For $5.5M
70 Brimmer Street, Boston, MA, USA
$5,475,000
$32,017/SF
Building Size
171 SF
Asset Type
Other
Closing
May 28, 2020
About this deal
AI
70 Brimmer St in Boston, MA was recently sold in a transaction that closed on 05/28/2021. The property involved in this sale is a parking garage. The sale price for this transaction was $5,475,000.
Summary of transaction details:
- Property Type: Parking Garage
- Transaction Amount: $5,475,000
- Seller: Mark B. Elefante
- Buyer: Kurt R. Steinkrauss
- Address: 70 Brimmer St, Boston, MA
Mark B. Elefante was the seller in this transaction, while Kurt R. Steinkrauss served as the buyer. Both parties successfully closed the deal, with Kurt R. Steinkrauss acquiring the parking garage located at 70 Brimmer St in Boston, MA.
Players
Boston Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.90%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93