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12 Foster Street

Kenmar Realty Acquires 10-Unit Multifamily Property In Boston For $5.75M
SOLDMultiFamily

Kenmar Realty Acquires 10-Unit Multifamily Property In Boston For $5.75M

12 Foster Street

$5,750,000

$1,049/SF

Building Size

5,480 SF

Asset Type

MultiFamily

Closing

Jun 18, 2024

AI

The multifamily property located at 12 Foster Street in Boston, MA was sold for $5,750,000. The property consists of 10 units with a total square footage of 5,480 square feet. The price per unit was $575,000, and the price per square foot was $1,049.

Summary of transaction details:

The sale of this property was facilitated by the brokers from Cushman & Wakefield, namely John Flaherty, Christopher Sower, Jonathan Bryant, Bruce Lusa, Mary VanNatta, Julie Regan, and Kevin Jones. Their expertise and negotiation skills played a crucial role in successfully closing the transaction between Kenmar Realty and Torrington Properties.

Players

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93