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17 Dix Street

Patty Hoang Of PRIVI Realty Represents Buyer In $1.3M Multifamily Sale In Boston
SOLDMultiFamily

Patty Hoang Of PRIVI Realty Represents Buyer In $1.3M Multifamily Sale In Boston

17 Dix Street

$1,300,000

$345/SF

Building Size

3,762 SF

Asset Type

MultiFamily

Closing

Jun 28, 2024

AI

A large three-family home at 17 Dix Street in Boston, MA sold for $1,300,000. The property features a total of 3,762 square feet, with three units, making the price per unit $433,333 and the price per square foot $346. Each unit has potential for conversion to 4 bedrooms. Unit 2 is updated and vacant, while Units 1 and 3 are occupied by long-term tenants.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 3
  • Price Per Unit: $433,333
  • Square Footage: 3,762
  • Price Per Square Foot: $346
  • Buyer's Representative: Patty Hoang - PRIVI Realty
  • Seller's Representative: Doreen Heffron - Village Realty HM

The deal involved Patty Hoang, representing the buyer from PRIVI Realty, and Doreen Heffron, representing the seller from Village Realty HM. This transaction highlights the collaboration between real estate professionals to facilitate the sale of the multifamily property.

Players

Doreen Heffron

Broker

$2.4M

vol

2 deals

Broker

Dorchester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93