Updated Dec 21, 2023
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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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