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Scott Farrell Of Compass Represents Buyer In 2 Powers Court Multifamily Sale For $2.1M
SOLD
$2,095,000
Massachusetts
See Similar DealsMultiFamily2,655 SF
Sold 02/03/2025
SOLD
Scott Farrell Of Compass Represents Buyer In 2 Powers Court Multifamily Sale For $2.1M
2 Powers Court
See Similar DealsMultiFamily2,655 SF
Sold 02/03/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$789
Total Square Footage:2,655 SF
Transaction Type:Sale
The multifamily property located at 2 Powers Court in Boston, MA, was sold for $2,095,000. This three-story building features four units with a total square footage of 2,655. The price per unit is $523,750, and the price per square foot is $789.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,095,000
- Units: 4
- Square Footage: 2,655
- Price per Unit: $523,750
- Price per Square Foot: $789
Scott Farrell from Compass represented the buyer in the transaction, while Nicholas Bevilacqua from Horvath & Tremblay represented the seller. The property was noted for its value-add potential through unit conversions and upgrades, along with separately metered utilities and one recently renovated condo-quality unit.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$111,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,443.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,931.37
Annual Debt Service$119,176.43
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