Foley/Federico Team Acquires South Boston Multifamily For $2.9M
SOLD
$2,900,000
Massachusetts
See Similar DealsMultiFamily4,062 SF
Sold 08/01/2021
SOLD
Foley/Federico Team Acquires South Boston Multifamily For $2.9M
326 Dorchester Street, Boston, MA, USA
See Similar DealsMultiFamily4,062 SF
Sold 08/01/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$713
Total Square Footage:4,062 SF
Transaction Type:Sale
Located at 326 Dorchester St in South Boston, this multifamily property was recently sold for a total of $2,900,000. Spanning across 4,062 square feet, the property boasts a price per square foot of $714. The transaction took place on August 1, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 326 Dorchester St
- Market: South Boston
- Square Footage: 4,062
- Price per Square Foot: $714
The sale of this property was facilitated by the Foley/Federico Team from Greater Metropolitan Real Estate. The brokers involved in the deal were Ryan Bartlett, Ryan Foley, and John Federico.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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