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1672 Dorchester Avenue, Dor...

Huy Pham Acquires Multifamily Property In Boston For $1.31M
SOLDMultiFamily

Huy Pham Acquires Multifamily Property In Boston For $1.31M

1672 Dorchester Avenue, Dorchester, Boston, MA 02124, USA

$1,310,000

$319/SF

Building Size

4,107 SF

Asset Type

MultiFamily

Closing

Mar 29, 2021

AI

The multifamily property located at 1672 Dorchester Avenue in Boston, MA was sold on March 30, 2021. The transaction was facilitated by Kerry Dowlin from Leading Edge Real Estate, representing the seller, and Huy Pham from Coughlin Homes, representing the buyer. The sale price for the property was $1,310,000. The property spans 4,107 square feet and was sold at a price per square foot of $319.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,310,000
  • Seller's Representative: Kerry Dowlin - Leading Edge Real Estate
  • Buyer's Representative: Huy Pham - Coughlin Homes
  • Address: 1672 Dorchester Avenue, Boston, MA
  • Square Footage: 4,107
  • Price per Square Foot: $319

The seller's representative, Kerry Dowlin, from Leading Edge Real Estate, and the buyer's representative, Huy Pham, from Coughlin Homes, played instrumental roles in the transaction. Together, they ensured a successful deal for both parties involved.

Players

Kerry Dowlin

Leading Edge Real Estate

Broker

$11.9M

vol

9 deals

Broker

Boston 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

12.11%

Cash-on-Cash

-3.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93