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Greg McCarthy Acquires Development Site At 4 Liberty Square Boston For $4.5 Million
SOLD
$4,500,000
Massachusetts
See Similar DealsDevelopment Site
Sold 12/24/2024
SOLD
Greg McCarthy Acquires Development Site At 4 Liberty Square Boston For $4.5 Million
4 Liberty Square
See Similar DealsDevelopment Site
Sold 12/24/2024
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Sale
4 Liberty Square is a development site located in Downtown Boston, MA. The property was acquired for $4,500,000, with plans to convert the upper floors into 36 residential units. The ground level is planned for restaurant and retail space.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $4,500,000
- Units: 36
- Price Per Unit: $125,000
- Buyer: Greg McCarthy
- Sale Date: 12/24/2024
- Address: 4 Liberty Square, Boston, MA
Developer Greg McCarthy is behind the acquisition of the property, bringing forward plans to enhance the site by integrating residential and commercial spaces. This transaction marks a significant step in the development of the area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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