Updated Oct 29, 2024
B'nai B'rith Housing New England Acquires Multifamily Property In Boston For $4M Loan From CEDAC
1201 River Street, Boston, Massachusetts 02136, United States
$4,000,000
Units
63
Asset Type
MultiFamily
Closing
Apr 1, 2023
About this deal
AI
B’nai B’rith Housing New England, Inc has acquired a multifamily property located at 1201 River Street in Boston, MA. The property consists of 63 units and was purchased on January 4, 2023. The acquisition was financed by a loan from CEDAC in the amount of $4,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 63
- Market: Boston, MA
B’nai B’rith Housing New England, Inc, represented by their broker Roger Herzog, successfully secured the loan from CEDAC for the acquisition of the property. The transaction took place on January 4, 2023, and marks a significant investment in the Boston, MA real estate market.
Players
Hyde Park MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93