Heath Properties Acquires Multifamily Property In Boston For $1.025M With Buyer's Rep Keith Beardsley
7 Greenville Street Boston, MA 02119
$1,025,000
$276/SF
Building Size
3,709 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
AI
The multifamily property located at 7 Greenville St in Boston, MA has been sold for a total price of $1,025,000. The transaction took place on September 30, 2022. The property consists of 6 units, with an average price per unit of $170,833. The total square footage of the property is 3,709, resulting in a price per square foot of $176. The sale was facilitated by Sean Packard from Centre Realty Group as the seller's representative and Keith Beardsley from Heath Properties as the buyer's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Units: 6
- Average Price per Unit: $170,833
- Total Square Footage: 3,709
- Price per Square Foot: $176
- Address: 7 Greenville St, Boston, MA
- Market: Boston, MA
Sean Packard from Centre Realty Group represented the seller in this transaction, while Keith Beardsley from Heath Properties represented the buyer. The sale of this multifamily property showcases the expertise of both parties in the Boston market.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93