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5 Battery Street, Boston, M...

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

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

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

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker

Abraham Jemal

Buyer

$6.8M

vol

2 deals

Buyer
Capital Partners
Capital PartnersBuyer

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