Greater Boston Traded Assets - Carey Cap Rate Report 3+ 19-7

Switching gears this week to evaluate some of the recently traded 3+ unit Multifamily Greater Boston properties. This weeks report will provide a look at properties sold during the second quarter of 2019.

Another look at the high end of the market for traded residential investment properties in the Greater Boston area. A few of these properties adjusted prices down up to 24% from list for them to trade but the results are mostly in the very stable 4-5 cap rate potential range providing benefits to both buyers and sellers.

In addition a well priced seven unit Beacon Hill property sold for 7% over list but still shows a solid cap rate potential near 6 and provided another win-win for this market segment.

Many of these properties have been inspected but the information provided in the report as well as the income/expenses used to calculate the ratings are based on estimates, therefore many assumptions have been made about each of the properties that would require a property visit and/or further research and due diligence before relying on this information to formulate an offer.

For more detailed information about any specific property simply email me at mcarey@sennere.com or complete a contact me form at markccarey.com/contact   and provide the report # and property number with your request for a detailed report and if you want to schedule a property visit then also provide your availability for showing times.