Updated Dec 19, 2023
Gibson Sotheby's International Realty Acquires Multifamily Property In Boston, MA For $1.75M
10 Melville Avenue, Dorchester, Massachusetts 02124, United States
$1,750,000
$288/SF
Building Size
6,058 SF
Asset Type
MultiFamily
Closing
Apr 4, 2022
About this deal
AI
The multifamily property located at 10 Melville Ave in Boston, MA has been sold for $1,750,000. The transaction took place on 04/05/2022. The property has a total square footage of 6,058 and a price per square foot (PPSF) of $289. The buyer's representative in the deal was Cathy Marotta from Gibson Sotheby's International Realty, while The Residential Group from William Raveis R.E. & Home Services represented the seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Date: 04/05/2022
- Address: 10 Melville Ave
- Market: Boston, MA
- Square Footage: 6,058
- Price Per Square Foot: $289
- Buyer's Representative: Cathy Marotta - Gibson Sotheby's International Realty
- Seller's Representative: The Residential Group - William Raveis R.E. & Home Services
Cathy Marotta from Gibson Sotheby's International Realty represented the buyer in this transaction, while The Residential Group from William Raveis R.E. & Home Services represented the seller. The sale of the property at 10 Melville Ave in Boston, MA closed for a sale price of $1,750,000. The buyer's representative, Cathy Marotta, played a crucial role in ensuring a successful transaction. The Residential Group, on the other hand, handled the seller's representation in the deal.
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93