Updated Oct 28, 2024
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
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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