Updated Oct 29, 2024
Christine Tam Acquires Mixed-Use Property In Dorchester, MA For $2.9M
353 Neponset Avenue, Dorchester, MA, USA
$2,900,000
$1,624/SF
Building Size
1,785 SF
Asset Type
Mixed-use
Closing
Feb 11, 2021
About this deal
AI
The mixed-use property located at 353 Neponset Avenue in Dorchester, MA has been sold. The transaction took place on February 12, 2021. The property was sold for a total amount of $2,900,000. It spans across 1,785 square feet, resulting in a price per square foot of $1,625. The seller was 345-353 Neponset Ave Llc & Needham Bank, while the buyer was Christine Tam.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,900,000
- Address: 353 Neponset Avenue, Dorchester, MA
- Market: Dorchester, MA
- Square Footage: 1,785
- Seller: 345-353 Neponset Ave Llc & Needham Bank
- Buyer: Christine Tam
Christine Tam, represented by her broker, facilitated the purchase of the property.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Christine Tam to view all their deals.
Browse Boston mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93