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347 Hanover Street

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

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

347 Hanover Street & 345 Hanover Street

$2,750,000

$436/SF

Building Size

6,300 SF

Asset Type

MultiFamily

Closing

May 30, 2024

AI

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

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