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10 Melville Avenue, Dorches...

Updated Dec 19, 2023

Gibson Sotheby's International Realty Acquires Multifamily Property In Boston, MA For $1.75M
SOLDMultiFamily

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.

Players

Cathy Marotta

Sotheby's International Realty

Broker

$1.8M

vol

1 deal

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $288 per square foot on a published $1.8M for 6,058 square feet (2022).

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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

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