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
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93