Christine Tam Acquires Mixed-Use Property In Dorchester, MA For $2.9M
SOLD
$2,900,000
Massachusetts
See Similar DealsMixed-use1,785 SF
Sold 02/12/2021
SOLD
Christine Tam Acquires Mixed-Use Property In Dorchester, MA For $2.9M
353 Neponset Avenue, Dorchester, MA, USA
See Similar DealsMixed-use1,785 SF
Sold 02/12/2021
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$1,624
Total Square Footage:1,785 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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