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20 Pearl Street

Dream Realty Buys Multifamily Property In Boston For $2.1M With Lin Xu As Buyer's Rep And Rodney Scott As Seller's Rep
SOLDMultiFamily

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

Lin Xu

Dream Realty

Broker

$11.1M

vol

7 deals

Broker

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