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903 Beacon Street, Fenway, ...

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

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

903 Beacon Street, Fenway, Boston, MA, USA

$2,250,000

$402/SF

Building Size

5,584 SF

Asset Type

MultiFamily

Closing

May 2, 2021

AI

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

Broker

$2.3M

vol

1 deal

Broker

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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93