BC Capital Partners Acquires Multifamily Property In Boston For $3.15M
5 Battery Street, Boston, Massachusetts, USA
$3,150,000
$525/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
AI
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
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 5 Battery Street, Boston, MA
- Market: Boston, MA
- 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
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
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93