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
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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