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Boston Realty Advisors Facilitates Sale Of 22-Unit Multifamily Property In Beacon Hill

Property Image
SOLD
$9,800,000

Massachusetts

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MultiFamily
Sold 07/10/2023
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Property Image
SOLD

Boston Realty Advisors Facilitates Sale Of 22-Unit Multifamily Property In Beacon Hill

63 Hancock St

See Similar Deals
MultiFamily
Sold 07/10/2023
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

63-65 Hancock St., a two-building, 22-unit multifamily property in Beacon Hill, has been sold for $9,800,000. This property, listed by Andrew Herald of Boston Realty Advisors, is located in the vibrant market of Boston, MA. With a unit price of $445,455, this multi-family asset offers a great investment opportunity.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $9,800,000
  • Units: 22
  • Price per Unit: $445,455
  • Broker: Andrew Herald - Boston Realty Advisors

Boston Realty Advisors played a crucial role in facilitating the sale of 63-65 Hancock St. Their expertise and professionalism contributed to the successful transaction of this desirable property in Beacon Hill.

Players

Andrew Herald
Cushman & Wakefield
Andrew Herald
16 deals$346M volume(617) 850-9619
BROKER

Details

SOLD
IMAGE: Andrew Herald DATE: 07/10/2023 ADDRESS: 63-65 Hancock St MARKET: Boston, MA ASSET TYPE: MultiFamily BROKER: Andrew Herald - Boston Realty Advisors (@BostonRealtyAdvisors) SALE PRICE: $9,800,000 UNITS: 22 ~ PPU: $445,455 NOTE: Boston Realty Advisors facilitated the sale of 63-65 Hancock St., a two-building, 22-unit multifamily property in Beacon Hill.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$522,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00