Updated Sep 9, 2024
Rondeau/Tierney Real Estate Acquires Multifamily Property In Boston For $2.5M
23 Dartmouth Pl Boston, MA 02116, USA
$2,499,000
$1,249,500/SF
Building Size
2 SF
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
AI
A multifamily property located at 23 Dartmouth Place in Boston, MA was recently sold for $2,499,000 at a price per square foot of $841.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,499,000
- Address: 23 Dartmouth Place, Boston, MA
- Market: Boston, MA
The buyer, Brian Tierney from Rondeau/Tierney Real Estate, LLC, and the seller, Marc Croteau from Coldwell Banker Realty, were involved in the transaction.
NOTE: The buyer was represented by Brian Tierney from Rondeau/Tierney Real Estate, LLC, while the seller was represented by Marc Croteau from Coldwell Banker Realty.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93