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

Property Image
SOLD
$2,600,000
Dillon Brennan
Lenny Pierce

Massachusetts

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MultiFamily5,200 SF
Sold 12/15/2021
the dealplayerscompscontact
Property Image
SOLD

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

321 Dorchester St, Boston, MA 02127

See Similar Deals
MultiFamily5,200 SF
Sold 12/15/2021
Dillon Brennan
Lenny Pierce
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$500
Total Square Footage:5,200 SF
Transaction Type:Sale

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
Lenny Pierce
11 deals$141.1M volume
BROKER
Dillon Brennan
Dillon Brennan
2 deals$4.6M volume
BROKER

Details

SOLD
IMAGE: Lenny Pierce DATE: 12/15/2021 ADDRESS: 321 Dorchester St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Dillon Brennan - Dillon Brennan Realty SELLER'S REP: Lenny Pierce - Jones Lang LaSalle New England, LLC SALE PRICE: $2,600,000 SF: 5,200 ~ PPSF: $500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92