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100 Hemenway Street

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

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

Thomas Greeley

Newmark

Broker

$443.4M

vol

5 deals

Broker

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