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903 Beacon LLC Acquires Multifamily Property In Fenway For $2.25M

Property Image
SOLD
$2,250,000
Michael (Mike) Schwartz
Joseph Palermino
Eric Shabshelowitz

Massachusetts

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MultiFamily5,584 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

903 Beacon LLC Acquires Multifamily Property In Fenway For $2.25M

903 Beacon Street, Fenway, Boston, MA, USA

See Similar Deals
MultiFamily5,584 SF
Sold
Michael (Mike) Schwartz
Joseph Palermino
Eric Shabshelowitz
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$402
Total Square Footage:5584 SF
Transaction Type:Sale

903 Beacon St, located in the Fenway market, was recently sold in a multifamily transaction. The property, with a size of 5,584 square feet, consists of four units. The sale price for the property was $2,250,000, which translates to a price per square foot of $403. The buyer of the property is 903 Beacon LLC.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Address: 903 Beacon St
  • Market: Fenway
  • Size: 5,584 square feet
  • Units: 4

The deal was facilitated by brokers Joseph Palermino, Mike Schwartz, and Eric Shabshelowitz from Cabot & Company.

Players

Joseph Palermino
Joseph Palermino
1 deal$2.3M volume
BROKER
Michael (Mike) Schwartz
Michael Schwartz
1 deal$2.3M volume
BROKER
Eric Shabshelowitz
Cabot & Company
Eric Shabshelowitz
5 deals$16.5M volume
BROKER

Details

SOLD
IMAGE: Joseph Palermino, Mike Schwartz, & Eric Shabshelowitz DATE: 05/03/2021 ADDRESS: 903 Beacon St MARKET: Fenway ASSET TYPE: Multifamily BUYER: 903 Beacon LLC BROKERS: Joseph Palermino, Mike Schwartz, & Eric Shabshelowitz (@EricShab) – Cabot & Company (@CabotandCo) ASKING PRICE: $2,500,000 SALE PRICE: $2,250,000 SF: 5,584 ~ PPSF: $403 UNITS: 4 ~ PPU: $562,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77