facebook
Traded Co logo
Submit

EverWest Real Estate Investors Acquires Multifamily Property In Charlestown, MA For $96.3M

Property Image
SOLD
$96,300,000

Massachusetts

See Similar Deals
MultiFamily
Sold 06/23/2022
the dealplayerscompscontact
Property Image
SOLD

EverWest Real Estate Investors Acquires Multifamily Property In Charlestown, MA For $96.3M

32 Cambridge Street, Charlestown, Massachusetts 02129, United States

See Similar Deals
MultiFamily
Sold 06/23/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

Located in Charlestown, MA, the multifamily property at 32 Cambridge St has recently been sold in a transaction that closed on 06/23/2022. The property consists of 171 units and was sold for a total price of $96,300,000, equating to an average price per unit of $563,158. The sale was facilitated by the brokerage firm CBRE, with Simon Butler, Biria St. John, and John McLaughlin representing both the buyer and the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $96,300,000
  • Units: 171
  • Price Per Unit: $563,158

EverWest Real Estate Investors emerged as the buyer in this transaction, while Berkeley Investments served as the seller. The deal was successfully negotiated by the CBRE team, including Simon Butler, Biria St. John, and John McLaughlin. Their expertise and guidance played a crucial role in ensuring a smooth and successful sale.

Players

Simon Butler
33 deals$2.5B volume
BROKER

Biria St. John
CBRE
32 deals$2.5B volume
BROKER

John McLaughlin
CBRE
27 deals$2.3B volume
BROKER

EverWest Real Estate Investors
BUYER

Details

SOLD
IMAGE: Simon Butler, John McLaughlin & Biria St. John DATE: 06/23/2022 ADDRESS: 32 Cambridge St MARKET: Charlestown, MA ASSET TYPE: Multifamily BUYER: EverWest Real Estate Investors SELLER: Berkeley Investments BROKERS: Simon Butler, Biria St. John & John McLaughlin - CBRE (@CBRE) SALE PRICE: $96,300,000 UNITS: 171 ~ PPU: $563,158

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,136,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$342,133.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$456,511.13
Annual Debt Service$5,478,133.56