Ledermann US Real Estate Acquires Multifamily Property In Boston For $10.5M
SOLD
$10,500,000
+ 1
Massachusetts
See Similar DealsMultiFamily750 SF
Sold 01/08/2021
SOLD
Ledermann US Real Estate Acquires Multifamily Property In Boston For $10.5M
527-529 Beacon Street, Boston, MA, USA
See Similar DealsMultiFamily750 SF
Sold 01/08/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$14,000
Total Square Footage:750 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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