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20 Banton Street

David Vo Purchases MultiFamily Property At 20 Banton Street Dorchester From Lam Dang For $870,000
SOLDMultiFamily

David Vo Purchases MultiFamily Property At 20 Banton Street Dorchester From Lam Dang For $870,000

20 Banton Street

$870,000

$351/SF

Building Size

2,475 SF

Asset Type

MultiFamily

Closing

Dec 9, 2024

AI

The property asset involved in the transaction is located at 20 Banton Street in Dorchester, MA. This multi-family property consists of 3 units and encompasses a total square footage of 2,475. The sale price for this property was set at $870,000, which translates to a price per unit of $290,000 and a price per square foot of $351.

Summary of transaction details:

This transaction involved the representation of the seller by broker Nicholas Bevilacqua of Horvath & Tremblay, facilitating the deal between the buyer, David Vo, and the seller, Lam Dang. The brokerage played a crucial role in ensuring the transaction proceeded smoothly to completion.

Players

Nicholas Bevilacqua

Horvath & Tremblay

Broker

$21.4M

vol

11 deals

Broker

Dorchester Center 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

18.23%

Cash-on-Cash

-5.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93