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Coldwell Banker Realty - Waterfront Acquires Multifamily Property For $4.75M In Boston, MA

Property Image
SOLD
$4,750,000

Massachusetts

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MultiFamily5,500 SF
Sold 12/16/2021
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Property Image
SOLD

Coldwell Banker Realty - Waterfront Acquires Multifamily Property For $4.75M In Boston, MA

400 Hanover Street, Boston, Massachusetts 02113, United States

See Similar Deals
MultiFamily5,500 SF
Sold 12/16/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$863
Total Square Footage:5,500 SF
Transaction Type:Sale

The multifamily property located at 400 Hanover St in Boston, MA was recently sold for a price of $4,750,000. The property spans across 5,500 square feet, resulting in a price per square foot of $864.

Summary of transaction details

The buyer was represented by Antonia Monarski from Coldwell Banker Realty - Waterfront, while the seller was represented by Marissa Tavares from Camdan Realty Llc.

Players

2 deals$6.1M volume
BROKER

Details

SOLD
IMAGE: Marissa Tavares & Antonia Monarski DATE: 12/16/2021 ADDRESS: 400 Hanover St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Antonia Monarski - Coldwell Banker Realty - Waterfront SELLER'S REP: Marissa Tavares - Camdan Realty Llc SALE PRICE: $4,750,000 SF: 5,500 ~ PPSF: $864

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

$253,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08