Updated Nov 19, 2023
Greater Metropolitan Real Estate Sells Multifamily Property In Boston, MA For $1.75M
653 E 6th St, Boston, MA 02127, USA
$1,750,000
$457/SF
Building Size
3,828 SF
Asset Type
MultiFamily
Closing
Dec 2, 2022
About this deal
AI
The multifamily property located at 653 E 6th Street in Boston, MA was recently sold for a total of $1,750,000. This property consists of 3 units, resulting in an average price per unit of $583,333. The total area of the property is 3,828 square feet, giving it a price per square foot of $457.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 3
- Price Per Unit: $583,333
- Square Feet: 3,828
- Price Per Square Foot: $457
The sale of this property was facilitated by Ryan Bartlett from Greater Metropolitan Real Estate. As the broker representing the seller, Ryan played a crucial role in ensuring a successful transaction.
Players
South 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93