Updated Sep 9, 2024
Derrick Truong-Central Real Estate Acquires Multifamily Property In Boston For $1.47M
14 Montello Street, Dorchester, Massachusetts 02122, United States
$1,475,000
$369/SF
Building Size
3,988 SF
Asset Type
MultiFamily
Closing
Feb 6, 2022
About this deal
AI
Located at 14 Montello St in Boston, MA, this multifamily property has recently been sold in a closed transaction. The property consists of 3 units with a total square footage of 3,988. The sale price for this transaction was recorded at $1,475,000, resulting in a price per unit of approximately $491,667 and a price per square foot of around $370.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,475,000
- Address: 14 Montello St, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Derrick Truong - Central Real Estate
- Seller's Representative: Esin Susol - Castles Unlimited
Derrick Truong from Central Real Estate represented the buyer in this transaction, while Esin Susol from Castles Unlimited represented the seller. These key individuals played crucial roles in facilitating the successful sale of the property.
Players
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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93