Alp Kantar & Christine Do Facilitate $1.35M Sale Of Dorchester Multifamily
1148 Dorchester Avenue
$1,350,000
$361/SF
Building Size
3,735 SF
Asset Type
MultiFamily
Closing
May 31, 2024
AI
1148 Dorchester Ave in Boston, MA, was sold for $1.35 million, offering a prime investment opportunity in the sought-after Savin Hill area. The property, a multifamily asset, spans 3,735 square feet and features units with 4 bedrooms each. Conveniently located near transportation, highways, and amenities, this triple-decker presents the potential for updates and expansion, making it an attractive addition to any real estate portfolio.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 1148 Dorchester Avenue
- Market: Dorchester, MA
- Price per Square Foot: $361
- Buyer's Rep: Alp Kantar - Boston Brokerage Group
- Seller's Rep: Christine Do - Keller Williams
Alp Kantar, representing the buyer in the deal, hails from Boston Brokerage Group. On the other side, Christine Do, from Keller Williams, served as the seller's representative. Both played crucial roles in facilitating the transaction, showcasing their expertise in the real estate market.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93