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263 Clarendon St, Boston, M...

Updated Dec 21, 2023

David Greaney Acquires 6-Unit Multifamily Property In Back Bay For $4.1M
SOLDMultiFamily

David Greaney Acquires 6-Unit Multifamily Property In Back Bay For $4.1M

263 Clarendon St, Boston, MA 02116, USA

$4,129,474

$73/SF

Building Size

56,500 SF

Asset Type

MultiFamily

Closing

May 7, 2020

About this deal

AI

The multifamily property located at 263 Clarendon Street in Back Bay has been sold. The property spans a total area of 5,650 square feet and consists of 6 units. The sale price for this transaction was $4,129,474, resulting in a price per square foot of $730. The buyer, David Greaney, represented by Synergy Realty Investments, purchased the property from the sellers, John J. Hayes III and Vernon G. Walen.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,129,474
  • Square Footage: 5,650
  • Price per Square Foot: $730
  • Number of Units: 6
  • Price per Unit: $688,245
  • Seller: John J. Hayes III & Vernon G. Walen
  • Buyer: David Greaney @SynergyRealtyInvestments

The involvement of David Greaney from Synergy Realty Investments was instrumental in completing this transaction. In this deal, David Greaney represented the buyer, ensuring a successful negotiation and purchase of the multifamily property at 263 Clarendon Street in Back Bay.

Players

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $73 per square foot on a published $4.1M for 56,500 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.84%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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