Ozan Dokmecioglu Acquires Allston Multifamily Property For $1.175M
SOLD
Massachusetts
See Similar DealsMultiFamily2,541 SF
Sold 11/22/2022
SOLD
Ozan Dokmecioglu Acquires Allston Multifamily Property For $1.175M
175-177 Cambridge Street
See Similar DealsMultiFamily2,541 SF
Sold 11/22/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$462
Total Square Footage:2,541 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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