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117 Draper Street

Updated Dec 4, 2024

Greg P Williams Of Homefront Realty Sells Dorchester Multifamily At 117 Draper St For $1.05M
SOLDMultiFamily

Greg P Williams Of Homefront Realty Sells Dorchester Multifamily At 117 Draper St For $1.05M

117 Draper Street

$1,050,000

$297/SF

Building Size

3,527 SF

Asset Type

MultiFamily

Closing

Jun 28, 2024

About this deal

AI

A well-maintained two-family home at 117 Draper St in Boston's Dorchester neighborhood sold for $1.05 million on June 28, 2024. The 3,527 sq ft property features 8 bedrooms, 3 bathrooms, and is located on a 4,425 sq ft lot.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 2
  • Price Per Unit: $525,000
  • Square Footage: 3,527
  • Price Per Square Foot: $298
  • Address: 117 Draper Street
  • Market: Dorchester, MA

Greg P Williams from Homefront Realty represented the buyer in the transaction, while Nico Recine from Penrose Realty⁠ represented the seller.

Players

Nico Recine

Penrose Realty⁠

Broker

$1.1M

vol

1 deal

Broker

Dorchester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $297 per square foot on a published $1.1M for 3,527 square feet (2024).

Visit Penrose Realty⁠ to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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