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228 Corey Road

Geoffrey Lee & David Dobrowolski Facilitate $1.94M Sale Of Boston Multifamily
SOLDMultiFamily

Geoffrey Lee & David Dobrowolski Facilitate $1.94M Sale Of Boston Multifamily

228 Corey Road

$1,935,500

$520/SF

Building Size

3,716 SF

Asset Type

MultiFamily

Closing

Jun 10, 2024

AI

The multifamily property at 228 Corey Road in Boston, MA, was sold for $1,935,500. The property spans 3,716 square feet, resulting in a price per square foot of $521.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,935,500
  • Address: 228 Corey Road
  • Market: Boston, MA

Geoffrey Lee from The Minuteman Realty Group acted as the buyer's representative in the deal, while David Dobrowolski from Block Realty represented the seller during the transaction.

Players

David Dobrowolski

Block Realty

Broker

$21.8M

vol

8 deals

Broker

Brighton 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

8.20%

Cash-on-Cash

-2.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93