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19 Hecla Street, Dorchester...

Updated Dec 19, 2023

Drm Real Estate, Inc. Brokers Facilitate $1.18M Sale Of Multifamily Property On Hecla St, Boston
SOLDMultiFamily

Drm Real Estate, Inc. Brokers Facilitate $1.18M Sale Of Multifamily Property On Hecla St, Boston

19 Hecla Street, Dorchester, Massachusetts 02122, United States

$1,181,000

$371/SF

Building Size

3,177 SF

Asset Type

MultiFamily

Closing

Mar 17, 2022

About this deal

AI

The multifamily property located at 19 Hecla St in Boston, MA recently sold for a total price of $1,181,000. The property spans a total area of 3,177 square feet, resulting in a price per square foot of $372. This transaction was facilitated by Kyle Rumberger and Raul F Afonso of Drm Real Estate, Inc.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,181,000
  • Square Footage: 3,177
  • Price per Square Foot: $372
  • Address: 19 Hecla St, Boston, MA
  • Market: Boston, MA

The successful sale of the property was made possible through the expertise of Kyle Rumberger and Raul F Afonso from Drm Real Estate, Inc. They represented the involved parties in the transaction, ensuring a smooth and efficient process.

Players

Kyle Rumberger

Compass

Broker

$1.2M

vol

1 deal

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $371 per square foot on a published $1.2M for 3,177 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.43%

Cash-on-Cash

-3.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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