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115 Elmer Road

Bill Gehan Sells Multifamily Property In Boston For $1.26M As Seller's Rep
SOLDMultiFamily

Bill Gehan Sells Multifamily Property In Boston For $1.26M As Seller's Rep

115 Elmer Road & 117 Elmer Road

$1,260,000

$292/SF

Building Size

4,310 SF

Asset Type

MultiFamily

Closing

Apr 19, 2024

AI

The multifamily property located at 115-117 Elmer Road in Boston, MA was sold for $1,260,000. The property spans 2,155 square feet and was traded at a price per square foot of $585.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,260,000
  • Address: 115-117 Elmer Road
  • Market: Boston, MA

Dot Collection - Access, acting as the buyer's representative, facilitated the acquisition of the property. On the other side of the deal, Bill Gehan of Campion & Company Fine Homes Real Estate represented the seller in the transaction.

Players

Bill Gehan

Campion and Company Fine Homes Real Estate

Broker

$18.4M

vol

4 deals

Broker

Dorchester Center 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

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93