Coldwell Banker Realty - Waterfront Acquires Multifamily Property For $4.75M In Boston, MA
SOLD
Massachusetts
See Similar DealsMultiFamily5,500 SF
Sold 12/16/2021
SOLD
Coldwell Banker Realty - Waterfront Acquires Multifamily Property For $4.75M In Boston, MA
400 Hanover Street, Boston, Massachusetts 02113, United States
See Similar DealsMultiFamily5,500 SF
Sold 12/16/2021
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
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 400 Hanover St
- Market: Boston, MA
- Buyer's Rep: Antonia Monarski - Coldwell Banker Realty - Waterfront
- Seller's Rep: Marissa Tavares - Camdan Realty Llc
The buyer was represented by Antonia Monarski from Coldwell Banker Realty - Waterfront, while the seller was represented by Marissa Tavares from Camdan Realty Llc.
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Deal Type
30 years
10 years
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
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