Scott Farrell Of Compass Represents Buyer In 2 Powers Court Multifamily Sale For $2.1M
2 Powers Court
$2,095,000
$789/SF
Building Size
2,655 SF
Asset Type
MultiFamily
Closing
Feb 3, 2025
AI
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.
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
7.57%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93