Updated Oct 28, 2024
BC Holdings Acquires Multifamily Property On Beacon Hill For $2.4M
67 Revere Street, Beacon Hill, Boston, MA, USA
$2,400,000
$800/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Jun 3, 2021
About this deal
AI
The multifamily property located at 67 Revere Street in Beacon Hill was recently sold in a closed transaction on June 4, 2021. The sale was facilitated by Morgan Franklin, a representative from The Morgan Franklin Group. The property spans approximately 3,000 square feet and consists of four units. The sale price for this transaction was $2,400,000, resulting in a price per square foot of $800. The buyer in this transaction was BC Holdings, and they acquired each unit at a price of $600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 67 Revere Street, Beacon Hill
- Market: Beacon Hill
- Broker: Morgan Franklin - The Morgan Franklin Group
This transaction showcases the strong demand for multifamily properties in the Beacon Hill market. BC Holdings, represented by Morgan Franklin from The Morgan Franklin Group, saw the value in this property and successfully closed the deal. The attractive price per square foot of $800 and the opportunity to acquire four units in a prime location contributed to the appeal of this investment for BC Holdings.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93