Updated Jan 7, 2025
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
About this deal
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:
- Property Type: MultiFamily
- Transaction Amount: $870,000
- Units: 3
- Square Footage: 2,475
- Price Per Unit: $290,000
- Price Per Square Foot: $351
- Buyer: David Vo
- Seller: Lam Dang
- Broker: Nicholas Bevilacqua - Horvath & Tremblay
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.
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