Michael Phillips Acquires Multifamily Asset From Bruce Percelay In Boston For $9.85M
SOLD
$9,850,000
Massachusetts
See Similar DealsMultiFamily13,246 SF
Sold 07/08/2025
SOLD
Michael Phillips Acquires Multifamily Asset From Bruce Percelay In Boston For $9.85M
529 Beacon Street
See Similar DealsMultiFamily13,246 SF
Sold 07/08/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$743
Total Square Footage:13,246 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily asset located at 529 Beacon Street, Boston, MA. It consists of 23 units, with a sale price of $9,850,000. The total square footage of the property is 13,246, resulting in a price per unit of $428,260 and a price per square foot of $743.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,850,000
- Units: 23
- Square Footage: 13,246
- Price Per Unit: $428,260
- Price Per Square Foot: $743
- Buyer: Michael Phillips
- Seller: Bruce Percelay
- Brokers: John Pentore & Dennis Kelleher - Horvath & Tremblay
This transaction was facilitated by brokers John Pentore and Dennis Kelleher, who represent Horvath & Tremblay. Their involvement played a significant role in the successful completion of the sale, connecting the buyer, Michael Phillips, with the seller, Bruce Percelay.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$525,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,994.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,694.03
Annual Debt Service$560,328.30
Is there something missing? Send suggestions