Lin Xu Of Dream Realty Represents Buyer In $1.6M Multifamily Sale At 22 Newport Street Boston
22 Newport Street
$1,600,000
$411/SF
Building Size
3,891 SF
Asset Type
MultiFamily
Closing
Aug 15, 2024
AI
The multi-family property at 22 Newport Street in Boston, MA, is a 3,891 square foot building featuring 12 beds and 6 baths. It was sold for $1,600,000, resulting in a price per square foot of $411.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Square Footage: 3,891
- Price per Square Foot: $411
- Address: 22 Newport Street
- Market: Boston, MA
- Buyer's Representative: Lin Xu - Dream Realty
- Seller's Representative: Tony Pepdjonovic - Marcus & Millichap
This transaction was facilitated by Lin Xu from Dream Realty, representing the buyer, while the seller was represented by Tony Pepdjonovic from Marcus & Millichap, highlighting the involvement of key individuals in this multifamily property deal.
Players
Dorchester 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93