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291 East Street, Dedham, Ma...

MIG Realty Brokers Acquire Multifamily Property In Dedham, MA For $1.05M
SOLDMultiFamily

MIG Realty Brokers Acquire Multifamily Property In Dedham, MA For $1.05M

291 East Street, Dedham, Massachusetts 02026, United States

$1,050,000

$278/SF

Building Size

3,775 SF

Asset Type

MultiFamily

Closing

Jan 7, 2022

AI

Located at 291 East St in Dedham, MA, this multifamily property was recently sold in a transaction facilitated by Hakim Sadler and Jeff Ravelo of MIG Realty. The sale took place on January 7, 2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 3
  • Price per Unit: $350,000
  • Square Footage: 3,775
  • Price per Square Foot: $278
  • Market: Dedham, MA

With a total of 3 units, this multifamily property spans across 3,775 square feet, resulting in a price per unit of $350,000. The transaction closed at a price of $1,050,000, making the price per square foot $278.

Hakim Sadler and Jeff Ravelo of MIG Realty acted as the brokers in this deal, representing the parties involved.

Players

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 deals

Broker
Boston Trust Realty Group
Boston Trust Realty GroupBrokerage

Dedham 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93