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

Property Image
SOLD
$5,750,000
Julie Regan
Kevin Jones
+ 4

Massachusetts

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MultiFamily5,480 SF
Sold 06/18/2024
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Property Image
SOLD

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

12 Foster Street

See Similar Deals
MultiFamily5,480 SF
Sold 06/18/2024
Julie Regan
Kevin Jones
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,049
Total Square Footage:5,480 SF
Transaction Type:Sale

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
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Kevin Jones
Cushman & Wakefield
47 deals$736.3M volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

Details

SOLD
IMAGE: John Flaherty, Christopher Sower, Jonathan Bryant, Bruce Lusa, Mary VanNatta, Julie Regan & Kevin Jones DATE: 06/18/2024 ADDRESS: 12 Foster Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: Kenmar Realty SELLER: Torrington Properties BROKERS: John Flaherty (@J_Flaherty5), Christopher Sower (@CSower1), Jonathan Bryant (@Jay_Bry_1), Bruce Lusa, Mary VanNatta, Julie Regan & Kevin Jones (@KmJones004) - Cushman & Wakefield (@CushWake) SALE PRICE: $5,750,000 UNITS: 10 ~ PPU: $575,000 SF: 5,480 ~ PPSF: $1,049

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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