Updated Mar 11, 2025
Jeff T. Blau & Bruce A. Beal Acquire Fairlawn Apartments In Mattapan For $90M
15 Bismarck Street
$90,000,000
Units
347
Asset Type
MultiFamily
Closing
Mar 10, 2025
About this deal
AI
A multi-family asset located at 15 Bismarck Street in Mattapan, MA was sold for a total of $90,000,000. The property comprises 347 units with a price per unit of $259,366. Related Beal is the acquiring entity as part of this transaction.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $90,000,000
- Buyer: Jeff T. Blau & Bruce A. Beal - Related Beal
- Units: 347
- Price Per Unit: $259,366
The multifamily sale at 15 Bismarck Street in Mattapan, Massachusetts sold for $90M in 2025. Reported inventory is 347 units across 347 units. Named participants on the 15 Bismarck Street sale are Jeff T. Blau, Bruce A. Beal. This page is the Mattapan, Massachusetts file for the 15 Bismarck Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Mattapan sit in the Market section below. Filter that Mattapan multifamily set by closing date to see what else sold near 15 Bismarck Street around 2025. Published consideration for 15 Bismarck Street is $90M, dated 2025. Cite this Jeff T. Blau & Bruce A. Beal Acquire Fairlawn Apartments In Mattapan For $90M sale when underwriting similar multifamily product around Mattapan, Massachusetts.
Players
Mattapan MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeff T. Blau to view all their deals.
Browse Mattapan multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93