Alpha Management Corp. Acquires Mixed-Use Property On Boylston Street In Boston For $6M
911-913 Boylston Street, Boston, MA, USA
$6,000,000
$609/SF
Building Size
9,847 SF
Asset Type
Mixed-use
Closing
Jan 26, 2021
AI
The mixed-use property located at 911-913 Boylston Street in Boston, MA has been sold in a recent transaction. The sale was facilitated by Dan McGee and Carl Christie from Hunneman Real Estate on behalf of the seller, 913 Boylston LLC. The buyer, Anwar Faisel, represented by Alpha Management Corp, acquired the property for a total sale price of $6,000,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Address: 911-913 Boylston Street, Boston, MA
- Square Footage: 9,847
- Price Per Square Foot: $609
- Market: Boston, MA
The sale of this mixed-use property marks another successful transaction in Boston's real estate market. The involvement of Alpha Management Corp, represented by Anwar Faisel, highlights the growing interest of buyers in the area. Dan McGee and Carl Christie from Hunneman Real Estate played a crucial role as brokers in facilitating the deal, showcasing their expertise in the Boston market.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93