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1635 Dorchester Avenue

Rooney Real Estate Sells Dorchester Multifamily For $1.059M
SOLDMultiFamily

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

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.

Players

Jackie Rooney

Rooney Real Estate

Broker

$22M

vol

13 deals

Broker

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