Elizabeth Schuster Of Wingate Acquires Multifamily Asset At 100 Hemenway Street For $36M
100 Hemenway Street
$36,000,000
$520/SF
Building Size
69,198 SF
Asset Type
MultiFamily
Closing
Oct 16, 2024
AI
The asset involved in this transaction is a multifamily property located at 100 Hemenway Street in Boston, MA. The sale price for the property was $36,000,000, comprising 50 units. The total square footage of the property is 69,198, resulting in a price per unit of $720,000 and a price per square foot of $520.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Address: 100 Hemenway Street
- Market: Boston, MA
- Units: 50
- Price Per Unit: $720,000
- Square Footage: 69,198
- Price Per Square Foot: $520
- Buyer: Elizabeth Schuster - Wingate
- Seller: Stephen Davis - Davis Companies
- Broker: Thomas Greeley - Newmark
This transaction involved significant contributors, including the buyer Elizabeth Schuster representing Wingate, the seller Stephen Davis of Davis Companies, and broker Thomas Greeley from Newmark. Each played a crucial role in facilitating the details of the deal.
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93