Gary Sherlock Of Venture Acquires Multifamily Property In Boston For $1.11M
27 Bailey Street
$1,110,000
$320/SF
Building Size
3,465 SF
Asset Type
MultiFamily
Closing
Dec 19, 2023
AI
A multifamily property located at 27 Bailey Street in Boston, MA, has been sold for $1.11 million. The property spans 3,465 square feet and was purchased at a price of $320 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 27 Bailey Street, Boston, MA
- Market: Boston, MA
Representing the buyer in this transaction was Gary Sherlock from Venture, while Markese Daise from Stony Brook & Lennox Realty Advisors represented the seller.
Please note that the details provided in this transaction are the extent of the information available.
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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93