Rich Cawley, United Multi Family

499 Beacon Street - Boston, MA

Jason Braun, United Multi Family

Boston, MA United Multi Family (UMF) brokered the sale of a 9 unit apartment building at 499 Beacon St. for $4.3 million ($477,778 per unit). Richard Cawley and Jason Braun of UMF arranged the sale. The brownstone residences were built in 1899 and consist of 7 one-bedroom and 2 studios. The transaction was sold off market in an all cash transaction. The CAP rate at the time of sale was 3.29% not including vacancy, maintenance-repairs and management expenses. The gross annual income was $197,400.