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
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