Dream Realty Buys Multifamily Property In Boston For $2.1M With Lin Xu As Buyer's Rep And Rodney Scott As Seller's Rep
20 Pearl Street
$2,100,000
$341/SF
Building Size
6,142 SF
Asset Type
MultiFamily
Closing
Nov 30, 2023
AI
A multifamily property located at 20 Pearl Street in Boston, MA has been sold for $2.1 million. The property spans a total area of 6,142 square feet, resulting in a price per square foot of $342.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 20 Pearl Street, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Lin Xu from Dream Realty, while Rodney Scott from Engel & Völkers represented the seller. Dream Realty, represented by Lin Xu, acquired the property from Engel & Völkers, represented by Rodney Scott.
Players
Dorchester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93