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2 Joy Street

Kevin Benzinger Of Boston Realty Advisors Brokers Sale Of Multifamily In Boston For $6.85M
SOLDMultiFamily

Kevin Benzinger Of Boston Realty Advisors Brokers Sale Of Multifamily In Boston For $6.85M

2 Joy Street

$6,850,000

$868/SF

Building Size

7,888 SF

Asset Type

MultiFamily

Closing

May 3, 2024

AI

A 13-unit multi-family property located on 2 Joy Street in Boston, MA, was recently sold for $6,850,000. The property spans 7,888 square feet and was sold at a price per unit of $526,923 and a price per square foot of $868. The units showcase hardwood floors, exposed brick, and offer scenic views of the State House, Boston Common, and the Charles River.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,850,000
  • Units: 13
  • Square Footage: 7,888
  • Price Per Unit: $526,923
  • Price Per Square Foot: $868
  • Address: 2 Joy Street, Boston, MA
  • Market: Boston, MA

The transaction was facilitated by Kevin Benzinger of Boston Realty Advisors, who represented the deal, showcasing his expertise in the Boston real estate market.

Players

Kevin Benzinger

Boston Realty Advisors

Broker

$478.4M

vol

38 deals

Broker

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

2.32%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93