Ledermann US Real Estate Acquires Multifamily Property In Boston For $10.5M
527-529 Beacon Street, Boston, MA, USA
$10,500,000
$14,000/SF
Building Size
750 SF
Asset Type
MultiFamily
Closing
Jan 7, 2021
AI
The multifamily property located at 527-529 Beacon Street in Boston, MA has been sold for a total of $10,500,000. The transaction took place on January 8, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Units: 23
- Price Per Unit: $456,522
The buyer of the property is Ledermann US Real Estate, while the seller is Mount Vernon Company. The deal was facilitated by Kevin Benzinger, Jason Weissman, Andrew Herald, and Nick Herz from Boston Realty Advisors.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93