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BC Capital Partners Acquires Multifamily Property In Boston For $3.15M

Property Image
SOLD
$3,150,000
Ryan Foley
John Federico
+ 2

Massachusetts

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MultiFamily6,000 SF
Sold 11/10/2021
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Property Image
SOLD

BC Capital Partners Acquires Multifamily Property In Boston For $3.15M

5 Battery Street, Boston, Massachusetts, USA

See Similar Deals
MultiFamily6,000 SF
Sold 11/10/2021
Ryan Foley
John Federico
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$525
Total Square Footage:6,000 SF
Transaction Type:Sale

A multifamily property located at 5 Battery Street in Boston, MA has been sold in a recent transaction. The property consists of 6 units with a total of 6,000 square feet. The sale price for this transaction was $3,150,000, resulting in a price per unit of $525,000 and a price per square foot of $525.

Summary of transation details

The buyer of the property was BC Capital Partners, represented by Fred Bijou and Abraham Jemal. The seller was the Battery Street Trust. The transaction was facilitated by brokers Ryan Quinn, John Federico, Ryan Foley, and Ron Ventresca from Greater Metropolitan Real Estate.

Players

John Federico
53 deals$178.3M volume(617) 812-9035
BROKER

Ryan Foley
Greater Metropolitan Real Estate
14 deals$51.4M volume
BROKER

Ryan Quinn
Grove Property Group
41 deals$140M volume(617) 285-9363
BROKER

Ron Ventresca
1 deal$3.2M volume
BROKER


Capital Partners
BUYER

Details

SOLD
IMAGE: Ryan Quinn, John Federico, Ryan Foley, Abraham Jemal & Fred Bijou DATE: 11/10/2021 ADDRESS: 5 Battery Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: BC Capital Partners - Fred Bijou & Abraham Jemal SELLER: Battery Street Trust BROKERS: Ryan Quinn, John Federico, Ryan Foley & Ron Ventresca - Greater Metropolitan Real Estate SALE PRICE: $3,150,000 UNITS: 6 ~ PPU: $525,000 SF: 6,000 ~ PPSF: $525

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

$168,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28