Updated Oct 28, 2024
Ezzi Property Group Refinances Multifamily Property In Boston, MA For $855K
28 Mount Ida Road, Dorchester, Massachusetts 02122, United States
$855,000
$237/SF
Building Size
3,601 SF
Asset Type
MultiFamily
Closing
Apr 13, 2022
About this deal
AI
The multifamily property located at 28 Mt Ida Rd in Boston, MA has been involved in a loan transaction. The property comprises 3 units and spans across 3,601 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $855,000
- Loan Type: Refinance
- Asset Type: Multifamily
- Units: 3
- Square Footage: 3,601
- Market: Boston, MA
The loan for this property was obtained for an amount of $855,000. The refinance loan was secured by Ezzi Property Group, the landlord of the property. Jake Cremmen from FinanceBoston represented the property owner in securing the loan.
On the Map
$855,000
$237/SF
MultiFamily
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Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.55%
Cash-on-Cash
-5.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93