George Sarkis Of Douglas Elliman Represents Buyer In $4.5M Multifamily Sale At 299 Beacon Street
299 Beacon Street
$4,500,000
$674/SF
Building Size
6,672 SF
Asset Type
MultiFamily
Closing
Sep 5, 2024
AI
The property asset involved in the transaction is a multifamily building located at 299 Beacon Street in Boston, MA. The sale price for the property was $4,500,000, comprising 6 units with a price per unit of $750,000. The total square footage of the building is 6,672, resulting in a price per square foot of $674.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Units: 6
- Price Per Unit: $750,000
- Square Footage: 6,672
- Price Per Square Foot: $674
- Buyer's Representative: George Sarkis - Douglas Elliman
- Seller's Representative: Frank Carroll - Compass
- Date of Transaction: 09/05/2024
The deal was represented by George Sarkis from Douglas Elliman acting on behalf of the buyer, while Frank Carroll from Compass represented the seller in this transaction. Both representatives played key roles in facilitating the sale of the multifamily asset in Boston's market.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93