Updated Dec 21, 2023
Gregory Mccarthy Acquires Multifamily Property In Dorchester, MA For $1.15M
3 Bellflower St, Dorchester, Boston, MA, USA
$1,150,000
$328/SF
Building Size
3,504 SF
Asset Type
MultiFamily
Closing
May 24, 2021
About this deal
AI
The multifamily property located at 3 Bellflower St in Dorchester, MA has been sold. The transaction took place on May 25, 2021. The property spans a total area of 3,504 square feet. The sale price for the property was $1,150,000, resulting in a price per square foot of $328. The property consists of three units, with an average price per unit of $383,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 3 Bellflower St, Dorchester, MA
- Market: Dorchester, MA
- Seller: Barbara A. Wuschke & John J. Keeley
- Buyer: Gregory Mccarthy
- Square Footage: 3,504
- Price per Square Foot: $328
- Number of Units: 3
- Price per Unit: $383,333
The seller of the property was Barbara A. Wuschke & John J. Keeley. The buyer in this transaction was Gregory Mccarthy.
Players
Boston 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93