Updated Oct 29, 2024
The RMR Group Acquires Multifamily Property In North End For $11.5M
126 N Washington St #132, Boston, Ma 02114, Usa
$11,500,000
$887/SF
Building Size
12,960 SF
Asset Type
MultiFamily
Closing
Feb 23, 2020
About this deal
AI
The multifamily property located at 126-132 North Washington Street in the North End has been sold for $11,500,000. The property spans 12,960 square feet, resulting in a price per square foot of $887. It consists of 20 units, with each unit being sold at an average price of $575,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Address: 126-132 North Washington Street
- Market: North End
- Square Footage: 12,960
- Price per Square Foot: $887
- Number of Units: 20
- Price per Unit: $575,000
The seller of the property is N&P Associates, represented by Nick Zagorianakos and Peter Zagorianakos. The buyer of the property is The RMR Group, represented by Adam Portnoy and David Blackman.
Players
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93