Updated Dec 4, 2024
Manny Pires Of Vicente Realty Represents Buyer In $1.2M Sale Of Boston Multifamily Property
11 Mora Street
$1,200,000
$331/SF
Building Size
3,618 SF
Asset Type
MultiFamily
Closing
Aug 20, 2024
About this deal
AI
11 Mora Street is a multifamily property located in Boston, MA that sold for $1,200,000. The asset comprises three units, offering a total square footage of 3,618 and priced at $332 per square foot. The property generates rental income of $8,848 per month and includes two parking spaces.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Square Footage: 3,618
- Price Per Square Foot: $332
- Cap Rate: 7.6%
- Rental Income: $8,848 per month
- Buyer’s Representative: Manny Pires - Vicente Realty
- Seller’s Representative: Tony Pepdjonovic - Marcus & Millichap
The transaction highlights the involvement of Manny Pires representing the buyer through Vicente Realty and Tony Pepdjonovic representing the seller from Marcus & Millichap, facilitating this multifamily property deal near Ashmont Station.
Players
Dorchester Center 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93