Church Of God Of Prophecy, Incorporated Acquires Church In Dorchester, MA For $2.1M
234 Norfolk Street
$2,100,000
$123/SF
Building Size
17,073 SF
Asset Type
Church
Closing
Apr 20, 2023
AI
The church located at 234 Norfolk Street in Dorchester, MA has been sold for $2,100,000. The property, a church building, spans 17,073 square feet and was purchased by the Church of God of Prophecy, Incorporated.
Summary of transation details
- Property Type: Church
- Transaction Amount: $2,100,000
- Address: 234 Norfolk Street, Dorchester, MA
- Square Footage: 17,073
- Price per Square Foot: $123
- Buyer: Church of God of Prophecy, Incorporated
- Seller: Mt. Olive Kingdom Builders' Workshop
- Seller's Representative: Robert Nichols & Roody Lambert - MIG Realty
The sale of the church was facilitated by Robert Nichols and Roody Lambert of MIG Realty, who represented the seller, Mt. Olive Kingdom Builders' Workshop.
Players
Market Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93