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41 Armandine Street, Dorche...

Updated Oct 28, 2024

Ezzi Property Group Refinances Multifamily Property At 41 Armandine St, Boston For $900K
FINANCEDMultiFamily

Ezzi Property Group Refinances Multifamily Property At 41 Armandine St, Boston For $900K

41 Armandine Street, Dorchester, Massachusetts 02124, United States

$900,000

$231/SF

Building Size

3,885 SF

Asset Type

MultiFamily

Closing

Apr 13, 2022

About this deal

AI

Ezzi Property Group has recently refinanced a multifamily property located at 41 Armandine St in Boston, MA. The property consists of three units spanning a total of 3,885 square feet. The loan amount for this refinance transaction was $900,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $900,000
  • Address: 41 Armandine St, Boston, MA
  • Units: 3
  • Square Footage: 3,885

Jake Cremmen from FinanceBoston represented Ezzi Property Group in this refinance deal.

The multifamily loan at 41 Armandine Street, Dorchester, Massachusetts 02124, United States in Boston, Massachusetts financed for $900K in 2022. Reported inventory is 3,885 square feet across 3 units, or about 231 per square foot. Jake Cremmen, FinanceBoston appear on the loan alongside FinanceBoston. This page is the Boston, Massachusetts file for the 41 Armandine Street, Dorchester, Massachusetts 02124, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else financed near 41 Armandine Street, Dorchester, Massachusetts 02124, United States around 2022. Published consideration for 41 Armandine Street, Dorchester, Massachusetts 02124, United States is $900K, dated 2022. Cite this Ezzi Property Group Refinances Multifamily Property At 41 Armandine St, Boston For $900K loan when underwriting similar multifamily product around Boston, Massachusetts.

Players

Jake Cremmen

FinanceBoston

Broker

$38.3M

vol

13 deals

Broker
EG
Ezzi Property GroupLandlord

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $231 per square foot on a published $900K for 3,885 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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