Updated Oct 29, 2024
Fenway CDC Acquires 6-Unit Multifamily In Boston For $3.35M
43 Hemenway St Boston, MA 02115, USA
$3,350,000
$702/SF
Building Size
4,768 SF
Asset Type
MultiFamily
Closing
Aug 31, 2023
About this deal
AI
A multifamily property located at 43 Hemenway Street in Boston, MA has been sold for a price of $3,350,000. The property consists of 6 units with a price per unit of $558,333. Spanning over 4,768 square feet, the property has a price per square foot of $703.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Units: 6
- Price per Unit: $558,333
- Square Footage: 4,768
- Price per Square Foot: $703
- Address: 43 Hemenway Street, Boston, MA
- Market: Boston, MA
The buyer of the property is Fenway CDC represented by Suneeth John. On the other hand, the seller is 43 Hemenway represented by Jacob Pouladian. The deal was facilitated by brokers Dan Pouladian and Sara Pouladian from North Shore Realty Advisors, Inc.
Players
Market 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93