Updated Dec 4, 2024
Rooney Real Estate Sells Dorchester Multifamily For $1.059M
1635 Dorchester Avenue
$1,059,000
$213/SF
Building Size
4,950 SF
Asset Type
MultiFamily
Closing
Jun 4, 2024
About this deal
AI
A three-family home at 1635 Dorchester Ave in Boston, MA, sold for $1,059,000, offering significant potential with its expansive 4,950 square feet of living space spread across three levels and featuring four large bedrooms in each apartment.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,059,000
- Units: 3
- Price per Unit: $353,000
- Square Footage: 4,950
- Price per Square Foot: $214
- Address: 1635 Dorchester Avenue
- Market: Dorchester, MA
- Broker: Jackie Rooney - Rooney Real Estate
The sale was facilitated by Jackie Rooney from Rooney Real Estate, highlighting her expertise in managing the transaction of this multifamily property.
On the Map
$1,059,000
$213/SF
MultiFamily
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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
14.98%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93