Danny Zheng & David Dobrowolski Broker MultiFamily Sale In Boston For $1.63M
324 Summit Avenue
$1,630,000
$566/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Jun 24, 2024
AI
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
Brighton 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
9.73%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93