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.
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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93