Updated Dec 4, 2024
Multifamily Property At 26 Verdun Street Sold For $1.325M With Daniel Tully Of Symphony Properties
26 Verdun Street
$1,325,000
$351/SF
Building Size
3,771 SF
Asset Type
MultiFamily
Closing
Aug 1, 2024
About this deal
AI
A three-family home located at 26 Verdun Street, Boston, has been sold for $1,325,000. The property spans 3,771 square feet and is situated in the Dorchester's Ashmont neighborhood. It features spacious units equipped with hardwood floors, private porches, and a backyard, along with a private driveway and a two-car garage.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Units: 3
- Price Per Unit: $441,667
- Square Footage: 3,771
- Price Per Square Foot: $351
- Date of Sale: 08/01/2024
- Broker: Daniel Tully - Symphony Properties
Daniel Tully of Symphony Properties represented the transaction, facilitating the sale of the multifamily asset in the competitive Boston market. The successful closing highlights the continued demand for multifamily properties in the area.
Players
Dorchester Center 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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93