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1148 Dorchester Avenue

Alp Kantar & Christine Do Facilitate $1.35M Sale Of Dorchester Multifamily
SOLDMultiFamily

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

Christine Do

Keller Williams Realty

Broker

$12.5M

vol

8 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93