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24 Melbourne Street

Dat Nguyen Of Capital Residential Group Represents Buyer In $1.2M Multifamily Sale In Boston
SOLDMultiFamily

Dat Nguyen Of Capital Residential Group Represents Buyer In $1.2M Multifamily Sale In Boston

24 Melbourne Street

$1,200,000

$354/SF

Building Size

3,384 SF

Asset Type

MultiFamily

Closing

Sep 10, 2024

AI

A renovated three-family home at 24 Melbourne Street in Boston, MA, sold for $1,200,000. The property encompasses 3,384 sq. ft., providing 9 beds and 3 baths. Constructed in 1905 and updated in 2013, it features modern kitchens, updated systems, and includes 3 parking spaces.

Summary of transaction details:

Dat Nguyen represented the buyer in this transaction, working for Capital Residential Group, while Terrence Bell represented the seller, affiliated with Great Spaces Era.

Players

Terrence Bell

Great Spaces Era

Broker

$2.4M

vol

2 deals

Broker

Dorchester Center 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93