Cabot & Company Acquires Multifamily Property On Beacon St, Boston For $8M
393 Beacon Street, Boston, Massachusetts 02116, United States
$8,000,000
$777/SF
Building Size
10,293 SF
Asset Type
MultiFamily
Closing
Nov 1, 2022
AI
The multifamily property located at 393-395 Beacon St in Boston, MA has been sold for a total of $8,000,000. The transaction took place on 11/02/2022. With a total of 5 units, the price per unit comes to $1,600,000. The property spans across 10,293 square feet, resulting in a price per square foot of $777.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 393-395 Beacon St, Boston, MA
- Market: Boston, MA
- Units: 5
- Price Per Unit: $1,600,000
- Square Feet: 10,293
- Price Per Square Foot: $777
In this transaction, Shelagh Brennan from Cabot & Company represented the buyer, while Paul Gleason from Fairfield Realty represented the seller.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93