Benjamin Bern Acquires Multifamily Property On Fernboro St In Boston For $1.65M
16 Fernboro St, Dorchester, Massachusetts 02121, United States
$1,650,000
$198/SF
Building Size
8,334 SF
Asset Type
MultiFamily
Closing
Nov 17, 2021
AI
The multifamily property located at 16-18 Fernboro St in Boston, MA has been sold for a total price of $1,650,000. The property spans over 8,334 square feet, resulting in a price per square foot of $198.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $1,650,000
- Square Footage: 8,334
- Price Per Square Foot: $198
- Address: 16-18 Fernboro St, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Benjamin Bern from Keller Williams Realty Boston-Metro | Back Bay. The seller's representative was Demark Davis from Thumbprint Realty, LLC.
Players
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93