facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

16 Elton St, Dorchester, Ma...

Leading Edge Real Estate Brokers Sell Multifamily Property In Boston For $1.22M
SOLDMultiFamily

Leading Edge Real Estate Brokers Sell Multifamily Property In Boston For $1.22M

16 Elton St, Dorchester, Massachusetts 02125, United States

$1,220,000

$303/SF

Building Size

4,022 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

AI

The multifamily property located at 16-18 Elton St in Boston, MA was recently sold on 12/15/2021 for a price of $1,220,000. The property has a total square footage of 4,022, resulting in a price per square foot of $303.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,220,000
  • Square Footage: 4,022
  • Price per Square Foot: $303
  • Address: 16-18 Elton St, Boston, MA
  • Market: Boston, MA

The sale of this multifamily property was facilitated by Kerry Dowlin and Thomas Burkhardt from Leading Edge Real Estate. They represented the involved parties in the transaction, ensuring a successful deal.

Players

Kerry Dowlin

Leading Edge Real Estate

Broker

$11.9M

vol

9 deals

Broker

Boston 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

13.00%

Cash-on-Cash

-3.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93