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10 Claremont Park, Boston, ...

Updated Oct 29, 2024

BSA Construction & Development Acquires Multifamily Property In South End For $3.6M
SOLDMultiFamily

BSA Construction & Development Acquires Multifamily Property In South End For $3.6M

10 Claremont Park, Boston, MA 02118, USA

$3,600,000

$107/SF

Building Size

33,560 SF

Asset Type

MultiFamily

Closing

Mar 15, 2020

About this deal

AI

Located in the South End market, the multifamily property at 10 Claremont Park has been sold for a total price of $3,600,000. Spanning 3,356 square feet, the property was sold at a rate of $1,073 per square foot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 10 Claremont Park
  • Market: South End

The seller of the property was the New England Conservatory of Music, represented by Andrea Kalyn and Elizabeth Dionne. On the other side of the transaction, BSA Construction & Development, represented by David J. Schwartz, emerged as the buyer.

Players

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $107 per square foot on a published $3.6M for 33,560 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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