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527-529 Beacon Street, Bost...

Ledermann US Real Estate Acquires Multifamily Property In Boston For $10.5M
SOLDMultiFamily

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

Jason Weissman

Boston Realty Advisors

Broker

$340.2M

vol

16 deals

Broker
MC
Mount Vernon CompanySeller

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93