Bryan McElhinney Acquires Multifamily Property In Dorchester, MA For $1.22M
23 Barry Street
$1,220,000
$279/SF
Building Size
4,365 SF
Asset Type
MultiFamily
Closing
Oct 20, 2023
AI
The multifamily property located at 23 Barry St in Dorchester, MA has been sold for a total price of $1,220,000. The property consists of 3 units with an average price per unit of $406,667. The total square footage of the property is 4,365, with an average price per square foot of $279.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Units: 3
- Price per Unit: $406,667
- Square Footage: 4,365
- Price per Square Foot: $279
- Address: 23 Barry St, Dorchester, MA
- Market: Dorchester, MA
The buyer of the property is Bryan McElhinney, while the seller is Ezzi Property Group, represented by Marc Abou-Ezzi. Coldwell Banker's Dylan Costello acted as the buyer's representative in the transaction, and Julian Addy from The Agency represented the seller.
Players
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93