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:
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Address: 12 Foster Street
- Market: Boston, MA
- Seller: Torrington Properties
- Buyer: Kenmar Realty
- Brokers: John Flaherty, Christopher Sower, Jonathan Bryant, Bruce Lusa, Mary VanNatta, Julie Regan & Kevin Jones - Cushman & Wakefield
- Units: 10
- Square Footage: 5,480
- Price per Unit: $575,000
- Price per Square Foot: $1,049
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
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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