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21 Ballard Street

Landmark Property Group Acquires Multifamily Property In Boston For $1.32M
SOLDMultiFamily

Landmark Property Group Acquires Multifamily Property In Boston For $1.32M

21 Ballard Street

$1,325,000

$467/SF

Building Size

2,832 SF

Asset Type

MultiFamily

Closing

Jun 7, 2024

AI

Located at 21 Ballard Street in Boston, MA, this multifamily property was recently sold for $1,325,000. Spanning 2,832 square feet, the property boasts a triple decker layout and is situated in a prime location near key attractions such as Jamaica Pond, Centre Street, and transit lines. The sale price per square foot for this asset was $468.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,325,000
  • Address: 21 Ballard Street, Boston, MA
  • Market: Boston, MA
  • Buyer's Rep: Landmark Property Group - Compass
  • Seller's Rep: Hakim Sadler - MIG Realty

Landmark Property Group from Compass represented the buyer in this transaction, while Hakim Sadler from MIG Realty acted as the seller's representative. This deal presents a lucrative opportunity for developers due to the property's layout and its strategic location within the vibrant Boston area.

Players

Hakim Sadler

MIG Realty

Broker

$68.3M

vol

34 deals

Broker

Jamaica Plain 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

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93