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
Jamaica Plain 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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93