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2 Carmel Street, Boston, MA...

Seth Priebatsch Acquires 17-Unit Multifamily Portfolio In Boston For $14.2M
SOLDMultiFamily

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

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

Jason Weissman

Boston Realty Advisors

Broker

$340.2M

vol

16 deals

Broker
Seth Priebatsch

Seth Priebatsch

Buyer

$62.4M

vol

5 deals

Buyer

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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