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408-410 Hanover Street

Updated Dec 21, 2023

Horvath & Tremblay Brokers $3.5M Multifamily Sale In Boston
SOLDMultiFamily

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.

Players

John Pentore

Horvath & Tremblay

Broker

$589.5M

vol

102 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $610 per square foot on a published $3.5M for 5,735 square feet (2022).

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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

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