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923 Beacon Street

Jagrti Patel Of Premium Realty Represents Buyer In $2.63M Multifamily Sale In Boston
SOLDMultiFamily

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

Jagrti Patel

Broker

$5.3M

vol

3 deals

Broker

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

6.04%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93