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:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 3
- Square Footage: 4,371
- Price per Unit: $350,000
- Price per Square Foot: $240
- Address: 119 Magnolia Street
- Market: Boston, MA
- Buyer's Rep: Jude Paul - Boston Realty Services
- Seller's Rep: Jamal Briscoe - Home Endeavors Realty
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
Dorchester 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93