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
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