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299 Beacon Street

George Sarkis Of Douglas Elliman Represents Buyer In $4.5M Multifamily Sale At 299 Beacon Street
SOLDMultiFamily

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

George Sarkis

Douglas Elliman

Broker

$19.8M

vol

6 deals

Broker

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