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27 Bailey Street

Gary Sherlock Of Venture Acquires Multifamily Property In Boston For $1.11M
SOLDMultiFamily

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

Markese Daise

Stony Brook & Lennox Realty Advisors

Broker

$22.4M

vol

15 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

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93