Updated Oct 29, 2024
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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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