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Volker Zinkl Of MEAG Acquires Multifamily Property In Boston From Steve Samuels For $145M
SOLD
$145,000,000
Massachusetts
See Similar DealsMultiFamily208,000 SF
Sold 01/07/2025
SOLD
Volker Zinkl Of MEAG Acquires Multifamily Property In Boston From Steve Samuels For $145M
1330 Boylston Street
See Similar DealsMultiFamily208,000 SF
Sold 01/07/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$697
Total Square Footage:208,000 SF
Transaction Type:Sale
A 200-unit multifamily property located at 1330 Boylston Street in Boston, MA, has been sold for $145,000,000. The property covers 208,000 square feet, with a price per unit of $725,000 and a price per square foot of $697. The asset is situated near Fenway Park.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $145,000,000
- Buyer: Volker Zinkl - MEAG
- Seller: Steve Samuels - Samuels & Associates
- Units: 200
- Square Footage: 208,000
- Price Per Unit: $725,000
- Price Per Square Foot: $697
MEAG, the real estate arm of Munich Re, along with CBRE Investment Management, acquired the property, while Samuels & Associates will continue to serve as the property manager following the transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$515,154.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$687,373.98
Annual Debt Service$8,248,487.71
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