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Danny Zheng & David Dobrowolski Broker MultiFamily Sale In Boston For $1.63M

Property Image
SOLD
$1,630,000
Danny Zheng
David (Dave) Dobrowolski

Massachusetts

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MultiFamily2,880 SF
Sold 06/24/2024
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Property Image
SOLD

Danny Zheng & David Dobrowolski Broker MultiFamily Sale In Boston For $1.63M

324 Summit Avenue

See Similar Deals
MultiFamily2,880 SF
Sold 06/24/2024
Danny Zheng
David (Dave) Dobrowolski
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$566
Total Square Footage:2,880 SF
Transaction Type:Sale

A brick 3-family property at 324 Summit Ave., Boston, sold for $1.63 million, featuring three fully leased apartments and city approval to add a fourth unit. The investment offers $93,600 annual rental income and includes 4 deeded parking spaces, with convenient access to Brighton and Brookline amenities.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,630,000
  • Units: 3
  • Price per Unit: $543,333
  • Square Footage: 2,880
  • Price per Square Foot: $566
  • Address: 324 Summit Avenue
  • Market: Boston, MA

The buyer's representative for this transaction was Danny Zheng from Keller Williams, while the seller's representative was David Dobrowolski from Block Realty.

Players

Danny Zheng
Keller Williams Realty
Danny Zheng
19 deals$27M volume(832) 668-9712
BROKER
David (Dave) Dobrowolski
Block Realty
David Dobrowolski
8 deals$21.8M volume(857) 212-6161
BROKER

Details

SOLD
IMAGE: Danny Zheng & David Dobrowolski DATE: 06/24/2024 ADDRESS: 324 Summit Avenue MARKET: Boston, MA ASSET TYPE: MultiFamily BUYER'S REP: Danny Zheng - Keller Williams (@KellerWilliamsRealty) SELLER'S REP: David Dobrowolski (@Dave.Dobro) - Block Realty (@BlockRealtyBoston) SALE PRICE: $1,630,000 UNITS: 3 ~ PPU: $543,333 SF: 2,880 ~ PPSF: $566 NOTE: A brick 3-family property at 324 Summit Ave., Boston, sold for $1.63 million, featuring three fully leased apartments and city approval to add a fourth unit. The investment offers $93,600 annual rental income and includes 4 deeded parking spaces, with convenient access to Brighton and Brookline amenities.

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

$86,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,791.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,727.03
Annual Debt Service$92,724.38