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20 Banton Street

Updated Jan 7, 2025

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

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:

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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Deal FAQ

About $351 per square foot on a published $870K for 2,475 square feet (2024).

Visit Nicholas (Nick) Bevilacqua to view all their deals.

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

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