Guy Assetta Acquires Multifamily Property In Boston, MA For $2M
SOLD
$2,000,000
Massachusetts
See Similar DealsMultiFamily3,020 SF
Sold 02/19/2021
SOLD
Guy Assetta Acquires Multifamily Property In Boston, MA For $2M
160 Dorchester Street, Boston, MA, USA
See Similar DealsMultiFamily3,020 SF
Sold 02/19/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$662
Total Square Footage:3,020 SF
Transaction Type:Sale
A multifamily property located at 160 Dorchester Street in Boston, MA, was recently sold for $2,000,000. The property spans 3,020 square feet, resulting in a price per square foot of $662. The sale took place on February 19, 2021.
The seller, represented by the Foley/Federico Team from Greater Metropolitan R. E., and the buyer, represented by Guy Assetta from Home Town Brokerage, were the key individuals involved in the transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 160 Dorchester Street
- Market: Boston, MA
- Seller's Representative: Foley/Federico Team - Greater Metropolitan R. E.
- Buyer's Representative: Guy Assetta - Home Town Brokerage
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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