Updated Dec 21, 2023
Horvath & Tremblay Brokers $3.5M Multifamily Sale In Boston
408-410 Hanover Street
$3,500,000
$610/SF
Building Size
5,735 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
The multifamily property located at 408-410 Hanover St in Boston, MA has recently been sold for a price of $3,500,000. The sale was facilitated by John Pentore from the real estate agency Horvath & Tremblay. The property spans a total area of 5,735 square feet, resulting in a price per square foot of $610.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 408-410 Hanover St, Boston, MA
- Market: Boston, MA
- Broker: John Pentore - Horvath & Tremblay
- Square Footage: 5,735 SF
- Price per Square Foot: $610
John Pentore from Horvath & Tremblay played a crucial role as the broker in facilitating the sale of this multifamily property. With their expertise and negotiation skills, they successfully closed the deal, resulting in a transaction amount of $3,500,000. This transaction highlights the strong real estate market in Boston, MA, and the demand for multifamily properties in the area.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93