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2 Powers Court

Scott Farrell Of Compass Represents Buyer In 2 Powers Court Multifamily Sale For $2.1M
SOLDMultiFamily

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

Scott Farrell

Compass

Broker

$7.2M

vol

4 deals

Broker

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

7.57%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93