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63 Hancock St

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

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

63 Hancock St

$9,800,000

Building Size

Asset Type

MultiFamily

Closing

Jul 10, 2023

AI

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

Broker

$346M

vol

16 deals

Broker

Hancock 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

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93