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
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