Seth Priebatsch Acquires 17-Unit Multifamily Portfolio In Boston For $14.2M
2 Carmel Street, Boston, MA, USA
$14,200,000
$643/SF
Building Size
22,074 SF
Asset Type
MultiFamily
Closing
Dec 1, 2020
AI
The multifamily property located at 2 Carmel Street, 126 Calumet Street, 2 Worthington Street, 178 Alphonsus Street, 81 Hillside Street, and 6 Carmel Street in Boston, MA has been sold in a transaction on December 2, 2020. The property consists of 17 units and spans a total area of 22,074 square feet. The sale price for this transaction was $14,200,000, resulting in a price per square foot of $643.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $14,200,000
- Units: 17
- Seller: Jason B. Savage & Melanie Savage – Savage Properties
- Buyer: Seth Priebatsch
- Brokers: Kevin Benzinger, Jason Weissman, Nick Herz, & Andrew Herald – Boston Realty Advisors
The sale of this multifamily property was facilitated by the team at Boston Realty Advisors, including brokers Kevin Benzinger, Jason Weissman, Nick Herz, and Andrew Herald. They represented both the buyer, Seth Priebatsch, and the sellers, Jason B. Savage and Melanie Savage of Savage Properties, in this transaction.
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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93