facebook
Traded Co logo
Submit
Daily limit: 0/10

Premier Capital Partners Acquires 55-Unit Multifamily In Boston's Back Bay For $23.1 Million

Property Image
SOLD
$23,100,000

Massachusetts

See Similar Deals
MultiFamily
Sold 06/28/2023
the dealdetailscomps
Property Image
SOLD

Premier Capital Partners Acquires 55-Unit Multifamily In Boston's Back Bay For $23.1 Million

16-20 Westland Avenue Boston, Massachusetts 02115, USA

See Similar Deals
MultiFamily
Sold 06/28/2023
the dealdetailscomps

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

Premier Capital Partners has acquired a 55-unit apartment property located at 16-20 Westland Avenue in Boston's Back Bay area. The property was sold by Serone Asset Management for a total of $23.1 million. The apartment units were sold at an average price of $420,000 each.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $23,100,000
  • Units: 55
  • Price Per Unit: $420,000
  • Address: 16-20 Westland Avenue, Boston, MA
  • Market: Boston, MA

Premier Capital Partners, led by their representative from the purchasing side, successfully completed the acquisition of the 55-unit apartment property in Boston's Back Bay area.

Players

SM
Serone Asset Management
SELLER

Details

SOLD
IMAGE: 06/28/2023 ADDRESS: 16-20 Westland Avenue MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: Premier Capital Partners SELLER: Serone Asset Management SALE PRICE: $23,100,000 UNITS: 55 ~ PPU: $420,000 NOTE: Premier Capital Partners has acquired a 55-unit apartment property in Boston's Back Bay area for $23.1 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,231,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$82,069.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,505.79
Annual Debt Service$1,314,069.42