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67 Revere Street, Beacon Hi...

Updated Oct 28, 2024

BC Holdings Acquires Multifamily Property On Beacon Hill For $2.4M
SOLDMultiFamily

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:

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.

Players

Morgan Franklin

Coldwell Banker

Broker

$41.3M

vol

22 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $800 per square foot on a published $2.4M for 3,000 square feet (2021).

Visit Morgan Franklin to view all their deals.

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

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