Updated Oct 29, 2024
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
About this deal
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.
On the Map
$2,100,000
$123/SF
Church
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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