Updated Sep 9, 2024
Horvath & Tremblay Sell Multifamily Property In Boston's Sheafe Street For $8.6M
20 Sheafe Street
$8,600,000
$663/SF
Building Size
12,960 SF
Asset Type
MultiFamily
Closing
Nov 9, 2022
About this deal
AI
The multifamily property located at 20 Sheafe Street in Boston, MA has been sold in a closed transaction. The property consists of 11 units with a total square footage of 12,960. The sale price for the property was $8,600,000, resulting in a per unit price of $781,818. The price per square foot is calculated at $664.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,600,000
- Units: 11
- Price Per Unit: $781,818
- Square Footage: 12,960
- Price Per Square Foot: $664
The sale of this multifamily property was facilitated by the brokers Dennis Kelleher and John Pentore from Horvath & Tremblay. They represented the parties involved in the transaction, ensuring a successful deal.
Players
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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93