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Heath Properties Acquires Multifamily Property In Boston For $1.025M With Buyer's Rep Keith Beardsley

Property Image
SOLD
$1,025,000

Massachusetts

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MultiFamily3,709 SF
Sold 09/30/2022
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Property Image
SOLD

Heath Properties Acquires Multifamily Property In Boston For $1.025M With Buyer's Rep Keith Beardsley

7 Greenville Street Boston, MA 02119

See Similar Deals
MultiFamily3,709 SF
Sold 09/30/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$276
Total Square Footage:3,709 SF
Transaction Type:Sale

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

Sean Packard
19 deals$41.2M volume
BROKER

Details

SOLD
IMAGE: Sean Packard DATE: 09/30/2022 ADDRESS: 7 Greenville St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Keith Beardsley (@KeithBeardsley) - Heath Properties (@HeathProperties) SELLER'S REP: Sean Packard (@Sean.Packard) - Centre Realty Group (@CentreRealty) SALE PRICE: $1,025,000 UNITS: 6 ~ PPU: $170,833 SF: 3709 ~ PPSF: $176

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
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