Ozan Dokmecioglu Acquires Allston Multifamily Property For $1.175M
175-177 Cambridge Street
$1,175,000
$462/SF
Building Size
2,541 SF
Asset Type
MultiFamily
Closing
Nov 22, 2022
AI
The multifamily property located at 175-177 Cambridge Street in Allston, MA has been sold in a recent transaction. The property consists of two units with a total of 2,541 square feet. The sale price for this multifamily asset was $1,175,000, resulting in a price per unit of $587,500. The price per square foot was calculated at $462.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 175-177 Cambridge Street
- Market: Allston, MA
- Buyer: Ozan Dokmecioglu
- Seller: Robert E. Martin
- Broker: Nelson Otuechere - NCO Realty Group
- Units: 2
- Price per unit: $587,500
- Square footage: 2,541
- Price per square foot: $462
The transaction was facilitated by Nelson Otuechere of NCO Realty Group, who represented the buyer and seller in the deal.
Players
Allston 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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93