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1444 Dorchester Ave Boston,...

Centre Realty Group Represents Buyer In $5.6M Mixed-Use Sale On Dorchester Avenue
SOLDMixed-use

Centre Realty Group Represents Buyer In $5.6M Mixed-Use Sale On Dorchester Avenue

1444 Dorchester Ave Boston, MA 02122, USA

$5,600,000

$147/SF

Building Size

38,086 SF

Asset Type

Mixed-use

Closing

Jun 6, 2023

AI

Located at 1444 Dorchester Avenue in Dorchester, MA, this mixed-use property recently changed hands in a closed real estate transaction. The property spans a total of 38,086 square feet and sold for a total price of $5,600,000, resulting in a price per square foot of $147.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $5,600,000
  • Square Footage: 38,086
  • Address: 1444 Dorchester Avenue, Dorchester, MA
  • Market: Dorchester, MA

Representing the buyer in this transaction was Sean Packard from Centre Realty Group. On the other side, Ramsay Fretz from Ramsay & Company - Leading Edge Real Estate served as the seller's representative. The deal was successfully facilitated by these experienced professionals, ensuring a smooth transaction process for both parties involved.

Players

Sean Packard

Centre Realty Group

Broker

$41.2M

vol

19 deals

Broker

Boston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93