Jagrti Patel Of Premium Realty Represents Buyer In $2.63M Multifamily Sale In Boston
923 Beacon Street
$2,625,000
$626/SF
Building Size
4,188 SF
Asset Type
MultiFamily
Closing
Jul 26, 2024
AI
923 Beacon Street, located in Boston, MA, is a multifamily property that recently sold for $2,625,000. The building comprises three units with a total square footage of 4,188 and a price per unit of $875,000. The property also has a price per square foot of $627.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,625,000
- Units: 3
- Square Footage: 4,188
- Price Per Unit: $875,000
- Price Per Square Foot: $627
- Buyer's Representative: Jagrti Patel - Premium Realty
- Seller's Representative: Donald Richmond - Gold Key Realty
The transaction was facilitated by Jagrti Patel representing the buyer from Premium Realty and Donald Richmond representing the seller from Gold Key Realty. The sale highlights a strategic move in the competitive Boston real estate market.
Players
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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93