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175-177 Cambridge Street

Ozan Dokmecioglu Acquires Allston Multifamily Property For $1.175M
SOLDMultiFamily

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

Nelson Otuechere

NCO Realty Group

Broker

$22.1M

vol

14 deals

Broker

Ozan Dokmecioglu

Buyer

$5.3M

vol

3 deals

Buyer

Robert Martin

Co

Seller

$947.7M

vol

6 deals

Seller

Allston 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

13.50%

Cash-on-Cash

-3.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93