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667 Massachusetts Ave, Bost...

High Street Properties Acquires Boston Property At 667 Massachusetts Ave For $4.3M
SOLDMultiFamily

High Street Properties Acquires Boston Property At 667 Massachusetts Ave For $4.3M

667 Massachusetts Ave, Boston, MA...

$4,300,000

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is a 10-unit brownstone building located at 667 Massachusetts Ave, Boston, MA. The transaction was completed for a price of $4,300,000.00. The property consists of both one-bedroom and two-bedroom units, specifically five of each. The market for this transaction is Boston, and the property also features access to public transportation via the Silver Line stop on Washington Street.

Summary of transaction details:

  • Property Type: 10-unit brownstone building
  • Transaction Amount: $4,300,000.00
  • Address: 667 Massachusetts Ave, Boston, MA
  • Market: Boston
  • Seller's Representatives: Carl Christie, Dan McGee
  • Buyer: High Street Properties

Carl Christie and Dan McGee of NAI Hunneman represented the undisclosed seller and facilitated the procurement of the buyer, High Street Properties. This transaction highlights the engagement of experienced professionals in arranging the sale within the Boston real estate market.

Players

Dan McGee

Broker

$15.3M

vol

3 deals

Broker
High Street Logistics
High Street LogisticsBuyer

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93