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
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