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Zach Barron & Keith Shirley Close MultiFamily Sale In Boston For $2.75M

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SOLD
$2,750,000

Massachusetts

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MultiFamily6,300 SF
Sold 05/30/2024
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SOLD

Zach Barron & Keith Shirley Close MultiFamily Sale In Boston For $2.75M

347 Hanover Street & 345 Hanover Street

See Similar Deals
MultiFamily6,300 SF
Sold 05/30/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$436
Total Square Footage:6,300 SF
Transaction Type:Sale

A rare opportunity presented itself with the sale of a 5-unit building at 345-347 Hanover St, Boston, MA 02113, for $2,750,000, offering prime location in the heart of Hanover St in Boston's Historic North End Neighborhood. The property spans 3,150 square feet, resulting in a price per square foot of $873.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,750,000
  • Address: 347 & 345 Hanover Street, Boston, MA
  • Market: Boston, MA

Zach Barron from Core Property Group represented the buyer in this transaction, securing the acquisition of the multi-family property. On the other side, Keith Shirley from Engel & Völkers acted as the seller's representative, ensuring a smooth deal for the sale of the building.

Players

Zach Barron
7 deals$20.2M volume
BROKER

Keith Shirley
Engel & Völkers
1 deal$2.8M volume(508) 590-9071
BROKER

Details

SOLD
IMAGE: Zach Barron & Keith Shirley DATE: 05/30/2024 ADDRESS: 347 & 345 Hanover Street MARKET: Boston, MA ASSET TYPE: MultiFamily BUYER'S REP: Zach Barron (@Real_Estate_Barron) - Core Property Group (@CorePropertyGroup) SELLER'S REP: Keith Shirley (@Keith.Shirley.940) - Engel & Völkers (@EngelVoelkers.Global) SALE PRICE: $2,750,000 SF: 3,150 ~ PPSF: $873 NOTE: A rare opportunity presented itself with the sale of a 5-unit building at 345-347 Hanover St, Boston, MA 02113, for $2,750,000, offering prime location in the heart of Hanover St in Boston's Historic North End Neighborhood. ölkers

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84