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New Boston Ventures Acquires Multifamily Property On Albany Street For $6.66M

Property Image
SOLD
$6,662,500
Julie Regan
Kevin Jones
+ 4

Massachusetts

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MultiFamily50,000 SF
Sold 04/29/2024
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Property Image
SOLD

New Boston Ventures Acquires Multifamily Property On Albany Street For $6.66M

575 Albany Street

See Similar Deals
MultiFamily50,000 SF
Sold 04/29/2024
Julie Regan
Kevin Jones
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$133
Total Square Footage:50,000 SF
Transaction Type:Sale

The multifamily property located at 575 Albany Street in Boston, MA, was sold for $6,662,500. The property spans 50,000 square feet, comprising 50 units, resulting in a per unit price of $133,250 and a price per square foot of $133.

Summary of transaction details:

The sale at 575 Albany Street involved a notable team of brokers from Cushman & Wakefield, including Christopher Sower, John Flaherty, Bruce Lusa, Jonathan Bryant, Kevin Jones, Julie Regan, and Mary VanNatta, who facilitated the transaction between the buyer, New Boston Ventures, and the sellers, BGO & Leggatt McCall.

Players

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Kevin Jones
Cushman & Wakefield
47 deals$736.3M volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

Details

SOLD
IMAGE: Christopher Sower, Bruce Lusa, John Flaherty, Jonathan Bryant, Kevin Jones, Julie Regan & Mary VanNatta DATE: 04/29/2024 ADDRESS: 575 Albany Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: New Boston Ventures SELLER: BGO & Leggatt McCall BROKERS: Christopher Sower (@CSower1), John Flaherty (@J_Flaherty5), Bruce Lusa, Jonathan Bryant (@Jay_Bry1__), Kevin Jones (@KmJones004), Julie Regan & Mary VanNatta - Cushman & Wakefield (@CushWake) SALE PRICE: $6,662,500 UNITS: 50 ~ PPU: $133,250 SF: 50,000 ~ PPSF: $133

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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