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Stony Brook & Lennox Realty Advisors Acquires Multifamily Property In Boston MA For $1.363M

Property Image
SOLD
$1,363,000
Markese Daise
Danielle Bing

Massachusetts

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MultiFamily4,365 SF
Sold 09/26/2023
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Property Image
SOLD

Stony Brook & Lennox Realty Advisors Acquires Multifamily Property In Boston MA For $1.363M

23 Beale Street

See Similar Deals
MultiFamily4,365 SF
Sold 09/26/2023
Markese Daise
Danielle Bing
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$312
Total Square Footage:4,365 SF
Transaction Type:Sale

23 Beale Street is a 4,365 square foot multifamily property located in Boston, MA. It was recently sold for $1.363 million, with a price per square foot of $312. The transaction took place on September 26, 2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,363,000

The buyer's representative in this deal was Markese Daise of Stony Brook & Lennox Realty Advisors. On the other hand, Danielle Bing of Gibson Sotheby's International Realty represented the seller.

It is worth noting that Markese Daise of Stony Brook & Lennox Realty Advisors actively participated as the buyer's representative in the transaction of 23 Beale Street, a multifamily property in Boston, MA. Similarly, Danielle Bing, a professional realtor from Gibson Sotheby's International Realty, effectively represented the seller in this deal.

Players

Markese Daise
Stony Brook & Lennox Realty Advisors
Markese Daise
15 deals$22.4M volume
BROKER
Danielle Bing
Sotheby's International Realty
Danielle Bing
1 deal$1.4M volume(617) 680-5424
BROKER

Details

SOLD
IMAGE: Danielle Bing & Markese Daise DATE: 09/26/2023 ADDRESS: 23 Beale Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Markese Daise (@MarkeseDaise__RealEstate) - Stony Brook & Lennox Realty Advisors SELLER'S REP: Danielle Bing (@Danielle.Bing) - Gibson Sotheby's International Realty (@Gibson_SIR) SALE PRICE: $1,363,000 SF: 4,365 ~ PPSF: $312 NOTE: 23 Beale Street, a 4,365 SF multifamily property in Boston, MA, sold for $1.363 million ($312 PPSF). Markese Daise of Stony Brook & Lennox Realty Advisors represented the buyer and Danielle Bing of Gibson Sotheby's International Realty represented the seller.

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

$72,693.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,842.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,461.32
Annual Debt Service$77,535.78