facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

3 Stockton Street

Chuks Okoli Of Next Horizon Realty Represents Buyer In $1.365M Boston MultiFamily Sale
SOLDMultiFamily

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

Tony Pepdjonovic

Marcus & Millichap

Broker

$383.6M

vol

77 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

11.62%

Cash-on-Cash

-3.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93