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321 Dorchester St, Boston, ...

Dillon Brennan Realty Acquires Multifamily Property In Boston For $2.6M
SOLDMultiFamily

Dillon Brennan Realty Acquires Multifamily Property In Boston For $2.6M

321 Dorchester St, Boston, MA 02127

$2,600,000

$500/SF

Building Size

5,200 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

AI

Located at 321 Dorchester St in Boston, MA, the recently sold multifamily property has caught the attention of real estate enthusiasts. With a sale price of $2,600,000, this property offers a total square footage of 5,200. The price per square foot stands at $500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Address: 321 Dorchester St
  • Market: Boston, MA
  • Buyer's Rep: Dillon Brennan - Dillon Brennan Realty
  • Seller's Rep: Lenny Pierce - Jones Lang LaSalle New England, LLC

Dillon Brennan from Dillon Brennan Realty represented the buyer in this transaction, while Lenny Pierce from Jones Lang LaSalle New England, LLC acted as the seller's representative. Their expertise and negotiation skills played a vital role in finalizing the deal.

Players

Lenny Pierce

JLL

Broker

$141.1M

vol

11 deals

Broker

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93