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Health Properties Represents Buyer Keith Beardsley In $6.99M Sale Of 209 Beacon Street Boston

Property Image
SOLD
$6,999,900

Massachusetts

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MultiFamily9,008 SF
Sold 08/12/2024
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Property Image
SOLD

Health Properties Represents Buyer Keith Beardsley In $6.99M Sale Of 209 Beacon Street Boston

209 Beacon Street

See Similar Deals
MultiFamily9,008 SF
Sold 08/12/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$777
Total Square Footage:9,008 SF
Transaction Type:Sale

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

3 deals$9M volume
BROKER

Details

SOLD
IMAGE: 08/12/2024 ADDRESS: 209 Beacon Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Keith Beardsley (@KeithBeardsley) - Health Properties SELLER'S REP: Miller & Co. - Compass (@Compass) SALE PRICE: $6,999,900 SF: 9,008 ~ PPSF: $777 NOTE: 209 Beacon St, Boston, sold for $7M. This 10-bed, 6.5-bath, five-story brick and brownstone, built in 1874 by Peabody and Stearns, offers a mix of five residential units and is located in the heart of Back Bay near key Boston landmarks.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,327.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.10
Annual Debt Service$398,197.17