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345-347 Hanover Street

Zach Barron Of Core Property Group Sells 5-Unit Multifamily In Boston For $2.75M
SOLDMultiFamily

Zach Barron Of Core Property Group Sells 5-Unit Multifamily In Boston For $2.75M

345-347 Hanover Street

$2,750,000

$873/SF

Building Size

3,150 SF

Asset Type

MultiFamily

Closing

May 30, 2024

AI

The multifamily property located at 345-347 Hanover Street in Boston, MA, was sold for $2,750,000. This property consists of 5 units spanning 3,150 square feet, resulting in a price per unit of $550,000 and a price per square foot of $873.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,750,000
  • Units: 5
  • Price Per Unit: $550,000
  • Square Footage: 3,150
  • Price Per Square Foot: $873
  • Address: 345-347 Hanover Street, Boston, MA
  • Market: Boston, MA
  • Seller: Maria Krystofolski
  • Buyer's Rep: Zach Barron - Core Property Group

Zach Barron, representing Core Property Group, facilitated the sale of this 5 unit generational asset on Hanover Street. Core Property Group is a prominent player in the marketing, acquisition, and disposition of multifamily assets in Greater Boston and surrounding areas. With a current assets under management (AUM) of $200 million, Core Property Group offers a full management division, a dedicated leasing team, and a development arm, enabling them to provide comprehensive services and expert guidance to their clients.

Players

Zach Barron

Core Property Group

Broker

$20.2M

vol

7 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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93