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354-356 Hanover Street, Nor...

Updated Oct 28, 2024

Zz LLC Acquires Mixed-use Property In North End For $2.34M
SOLDMixed-use

Zz LLC Acquires Mixed-use Property In North End For $2.34M

354-356 Hanover Street, North End, Boston, MA, USA

$2,340,000

$780/SF

Building Size

3,000 SF

Asset Type

Mixed-use

Closing

Nov 12, 2021

About this deal

AI

A mixed-use property located at 354-356 Hanover Street in the North End of Boston has been sold. The property, consisting of multiple units, was recently purchased by Zz LLC from DB Trust. The transaction was facilitated by The Morgan Franklin Group.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,340,000
  • Address: 354-356 Hanover Street, North End
  • Square Footage: 3,000 SF
  • Price per Square Foot: $780

This sale represents a significant deal in the North End market. The property, with its prime location on Hanover Street, offers versatile mixed-use spaces, making it an attractive investment opportunity. The transaction was successfully completed with the assistance of The Morgan Franklin Group, a reputable brokerage firm in the area.

Note: This transaction involves the sale of a multi-unit building, providing the buyer with multiple income-generating units.

Players

Morgan Franklin

Coldwell Banker

Broker

$41.3M

vol

22 deals

Broker
Dt
Db trustSeller

Boston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $780 per square foot on a published $2.3M for 3,000 square feet (2021).

Visit Morgan Franklin to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.78%

Cash-on-Cash

-1.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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