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119 Magnolia Street

Jude Paul & Jamal Briscoe Facilitate $1,050,000 Sale Of Multifamily Property In Boston
SOLDMultiFamily

Jude Paul & Jamal Briscoe Facilitate $1,050,000 Sale Of Multifamily Property In Boston

119 Magnolia Street

$1,050,000

$240/SF

Building Size

4,371 SF

Asset Type

MultiFamily

Closing

Mar 16, 2024

AI

In Boston, MA, a multifamily property situated at 119 Magnolia Street was sold for $1,050,000. The property comprises 3 units with a total square footage of 4,371, resulting in a price per unit of $350,000 and a price per square foot of $240.

Summary of transaction details:

Boston Realty Services, represented by Jude Paul, acted as the buyer's representative in the transaction, while Jamal Briscoe from Home Endeavors Realty served as the seller's representative.

Players

Jamal Briscoe

Home Endeavors Realty

Broker

$1.1M

vol

1 deal

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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93