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
Dorchester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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