Health Properties Represents Buyer Keith Beardsley In $6.99M Sale Of 209 Beacon Street Boston
209 Beacon Street
$6,999,900
$777/SF
Building Size
9,008 SF
Asset Type
MultiFamily
Closing
Aug 12, 2024
AI
This multifamily property, located at 209 Beacon Street in Boston, MA, has a sale price of $6,999,900. The asset encompasses a total of 9,008 square feet, resulting in a price per square foot of $777. This property features 10 bedrooms and 6.5 bathrooms, and is a five-story brick and brownstone structure built in 1874 by Peabody and Stearns, consisting of five residential units and situated in the Back Bay area near prominent Boston landmarks.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,999,900
- Square Footage: 9,008
- Price Per Square Foot: $777
- Address: 209 Beacon Street
- Market: Boston, MA
- Buyer's Representative: Keith Beardsley - Health Properties
- Seller's Representative: Miller & Co. - Compass
In this transaction, Keith Beardsley represented the buyer, Health Properties, while Miller & Co. acted as the seller’s representative through Compass. The transaction showcases the involvement of notable brokerage professionals in facilitating the sale of this significant multifamily asset in a prime location.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93