Updated Oct 28, 2024
Edward Rich Acquires Multifamily Property On Dorchester Ave For $2.1M
2151 Dorchester Ave, Dorchester, Boston, MA, USA
$2,100,000
$489/SF
Building Size
4,290 SF
Asset Type
MultiFamily
Closing
Sep 7, 2021
About this deal
AI
A multifamily property located at 2149-2151 Dorchester Ave in Dorchester Center, MA has been sold. The property consists of 4 units with a total square footage of 4,290. The sale price for the property was $2,100,000, resulting in a price per unit of $525,000 and a price per square foot of $490.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 2149-2151 Dorchester Ave, Dorchester Center, MA
- Market: Dorchester Center, MA
- Buyer: Edward Rich
- Seller: 2149 Dorchester Ave Llc
- Units: 4
- Square Footage: 4,290
- Price per Unit: $525,000
- Price per Square Foot: $490
The buyer of the property was Edward Rich, representing himself in the deal. The seller was 2149 Dorchester Ave Llc.
Players
Boston 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93