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26 Verdun Street

Multifamily Property At 26 Verdun Street Sold For $1.325M With Daniel Tully Of Symphony Properties
SOLDMultiFamily

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

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

Daniel Tully

Symphony Properties

Broker

$8.7M

vol

3 deals

Broker

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