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:
- 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