Updated Dec 21, 2023
Michael P. Magnani & David P. Magnani Acquire 3-Unit Multifamily Property In Dorchester, MA For $1.135M
26 Fernboro Street, Boston, MA, USA
$1,135,000
$234/SF
Building Size
4,840 SF
Asset Type
MultiFamily
Closing
May 26, 2021
About this deal
AI
A multifamily property located at 26 Fernboro St in Dorchester, MA has been sold. The property spans 4,840 square feet and was sold for a price of $1,135,000, resulting in a price per square foot of $235. This property consists of 3 units, with an average price per unit of $378,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,135,000
- Square Footage: 4,840
- Address: 26 Fernboro St, Dorchester, MA
- Market: Dorchester, MA
The sellers of the property were Yang Ft & Sandy Yang. On the other hand, Michael P. Magnani & David P. Magnani were the buyers in this transaction.
Players
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
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93