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
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