Chuks Okoli Of Next Horizon Realty Represents Buyer In $1.365M Boston MultiFamily Sale
3 Stockton Street
$1,365,000
$379/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Jun 28, 2024
AI
3 Stockton St, Boston, MA 02124, sold for $1,365,000, is a fully renovated, three-unit investment property in Dorchester’s Ashmont neighborhood. The property features 3-bedroom, 1.5-bath units with modern finishes, spanning 3,600 square feet. Additionally, it is conveniently located near Ashmont Station (Red Line).
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,365,000
- Units: 3
- Price per Unit: $455,000
- Square Footage: 3,600
- Price per Square Foot: $379
- Market: Boston, MA
Chuks Okoli of Next Horizon Realty and Tony Pepdjonovic of Marcus & Millichap were the respective buyer's and seller's representatives in the transaction at 3 Stockton Street. The deal involved a successful acquisition of a lucrative property in the thriving neighborhood of Dorchester, Boston.
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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93