facebook
Traded Co logo
Submit

Elizabeth Schuster Of Wingate Acquires Multifamily Asset At 100 Hemenway Street For $36M

Property Image
SOLD
$36,000,000

Massachusetts

See Similar Deals
MultiFamily69,198 SF
Sold 10/16/2024
the dealplayerscompscontact
Property Image
SOLD

Elizabeth Schuster Of Wingate Acquires Multifamily Asset At 100 Hemenway Street For $36M

100 Hemenway Street

See Similar Deals
MultiFamily69,198 SF
Sold 10/16/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$520
Total Square Footage:69,198 SF
Transaction Type:Sale

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

Thomas Greeley
5 deals$443.4M volume
BROKER

Details

SOLD
IMAGE: Elizabeth Schuster, Stephen Davis & Thomas Greeley DATE: 10/16/2024 ADDRESS: 100 Hemenway Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: Elizabeth Schuster - Wingate (@WingateCompanies) SELLER: Stephen Davis - Davis Companies (@TheDaviscCos) BROKER: Thomas Greeley - Newmark (@Newmark) SALE PRICE: $36,000,000 UNITS: 50 ~ PPU: $720,000 SF: 69,198 ~ PPSF: $520

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,920,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40