Updated Sep 9, 2024
Hakim Sadler Acquires Multifamily Property In Boston For $1.3M
3 Stockton Street, Dorchester, Massachusetts 02124, United States
$1,300,000
$361/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Apr 13, 2022
About this deal
AI
A multifamily property located at 3 Stockton St in Boston, MA was recently sold for $1,300,000. The property consists of 3 units with a total square footage of 3,600. The price per unit comes to $433,333, while the price per square foot is $361. The sale took place on April 14, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 3 Stockton St, Boston, MA
- Market: Boston, MA
- Units: 3
- Price per Unit: $433,333
- Square Footage: 3,600
- Price per Square Foot: $361
The sale was facilitated by Hakim Sadler from MIG brokerage firm.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93