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23 Barry Street

Bryan McElhinney Acquires Multifamily Property In Dorchester, MA For $1.22M
SOLDMultiFamily

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

Dylan Costello

Coldwell Banker

Broker

$17.6M

vol

8 deals

Broker
Marc Abou-Ezzi

Marc Abou-Ezzi

Ezzi Property Group

Seller

$44.7M

vol

9 deals

Seller

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