Updated Nov 28, 2024
Goldman Sachs Acquires Multifamily Property In Hingham, MA For $139.3M
350 Beal Street, Hingham, Massachusetts, USA
$139,300,000
$79,600/SF
Building Size
1,750 SF
Asset Type
MultiFamily
Closing
Sep 29, 2021
About this deal
AI
The multifamily property located at 350 Beal St in Hingham, MA has been sold in a recent transaction. The sale was finalized on September 29, 2021, and the property was purchased by Goldman Sachs, with David M. Solomon representing the company. The selling parties involved were Alliance Residential Co., represented by Bruce C. Ward, and Invesco Real Estate, represented by Scott Dennis.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $139,300,000
- Address: 350 Beal St
- Market: Hingham, MA
David M. Solomon, the representative of Goldman Sachs, played a crucial role in the deal. On the other side, Bruce C. Ward represented Alliance Residential Co., while Scott Dennis represented Invesco Real Estate. The transaction involved 220 units, with a price per unit of $633,182.
Players
Hingham 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93