Ocean Realty Acquires Multifamily Asset At 207 East Street Dedham For $1.95M With Broker Niko Stafford
207 East Street
$1,950,000
$260/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Mar 1, 2025
AI
A multifamily property located at 207 East Street in Dedham, MA has been sold. This asset consists of 7 units and has a total square footage of 7,500. The sale price for the property was $1,950,000, resulting in a per unit price of $278,571 and a price per square foot of $260.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Units: 7
- Square Footage: 7,500
- Price Per Unit: $278,571
- Price Per Square Foot: $260
- Buyer: Ocean Realty
- Buyer's Representative: Niko Stafford - Centre Realty Group
- Market: Dedham, MA
The transaction involved Ocean Realty as the buyer, represented by Niko Stafford of Centre Realty Group. This information highlights the key individuals facilitating the sale of the property.
Dedham 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93