David J. Pogorelc Acquires South Boston Multifamily For $1.75M From Vera L. Lesiak-Frongillo & Christina M. Yates
SOLD
$1,750,000
Massachusetts
See Similar DealsMultiFamily2,488 SF
Sold 03/05/2021
SOLD
David J. Pogorelc Acquires South Boston Multifamily For $1.75M From Vera L. Lesiak-Frongillo & Christina M. Yates
23 Rear Dexter Avenue, Woburn, MA, USA
See Similar DealsMultiFamily2,488 SF
Sold 03/05/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$703
Total Square Footage:2,488 SF
Transaction Type:Sale
A multifamily property located at 23 Rear Dexter St in South Boston has been sold for $1,750,000. The property spans a total of 2,488 square feet, resulting in a price per square foot of $703. The transaction took place on 03/05/2021. The buyer in this deal is David J. Pogorelc from Core Investments, while the sellers are Vera L. Lesiak-frongillo and Christina M. Yates.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 23 Rear Dexter St
- Market: South Boston
David J. Pogorelc from Core Investments represented the buyer in this transaction. No additional details about the deal were provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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