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104 Wayland Street

Vincent Forzese Facilitates $1.25M Sale Of Multifamily In Boston, MA
SOLDMultiFamily

Vincent Forzese Facilitates $1.25M Sale Of Multifamily In Boston, MA

104 Wayland Street & 106 Wayland Street

$1,245,000

$138/SF

Building Size

8,996 SF

Asset Type

MultiFamily

Closing

Apr 30, 2024

AI

The property at 104-106 Wayland St, Boston, MA, was sold for $1,245,000. The multifamily asset spans 4,498 square feet, with a price per square foot of $277. The property comprises an extra-large 3-unit building in Dorchester, offering spacious living areas and updated interiors in each unit.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,245,000
  • Address: 104-106 Wayland Street, Boston, MA
  • Market: Boston, MA
  • Buyer's Rep: Scott Webster
  • Seller's Rep: Vincent Forzese - Realty One Group Nest
  • Square Footage: 4,498 sqft
  • Price Per Square Foot: $277

Scott Webster represented the buyer in this transaction, while Vincent Forzese from Realty One Group Nest was the seller's representative.

Players

Vincent Forzese

Realty One Group

Broker

$2.5M

vol

2 deals

Broker

Dorchester 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

12.74%

Cash-on-Cash

-3.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93