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122 Boston St, Dorchester, ...

Phoenix Realty Group Acquires Multifamily Property In Boston, MA For $1.3M
SOLDMultiFamily

Phoenix Realty Group Acquires Multifamily Property In Boston, MA For $1.3M

122 Boston St, Dorchester, Massachusetts 02125, United States

$1,300,000

$450/SF

Building Size

2,883 SF

Asset Type

MultiFamily

Closing

Dec 22, 2021

AI

A multifamily property located at 122-124 Boston St in Boston, MA was recently sold for $1,300,000. The property spans 2,883 square feet, resulting in a price per square foot of $451. The transaction took place on 12/22/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 122-124 Boston St, Boston, MA
  • Square Footage: 2,883
  • Price per Square Foot: $451

The buyer's representative in the deal was George Papadopoulos from Phoenix Realty Group, while the seller's representative was Alexander Lisek from eXp Realty.

Note: No additional information regarding the property or the individuals involved in the transaction was available.

Players

George Papadopoulos

Broker

$1.3M

vol

1 deal

Broker

Boston 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93