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Goldman Sachs & Co Acquires Multifamily Property In East Boston For $85.25M
SOLD
$85,250,000
Massachusetts
See Similar DealsMultiFamily
Sold 07/12/2024
SOLD
Goldman Sachs & Co Acquires Multifamily Property In East Boston For $85.25M
126 Border Street
See Similar DealsMultiFamily
Sold 07/12/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 126 Border Street in East Boston, MA, was recently sold for $85.25 million. The asset comprises 200 units, resulting in a price per unit of $426,250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,250,000
- Address: 126 Border Street
- Market: East Boston, MA
- Buyer: Goldman Sachs & Co
- Seller: Stanley Iezman - American Realty Advisors
- Units: 200
- Price Per Unit: $426,250
Goldman Sachs & Co. acquired the Boston East apartment property from Stanley Iezman - American Realty Advisors in a significant real estate transaction that amounted to $85.25 million. The deal showcases the involvement of prominent entities in the property market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$302,875.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$404,128.49
Annual Debt Service$4,849,541.91
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