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326 Dorchester Street, Bost...

Foley/Federico Team Acquires South Boston Multifamily For $2.9M
SOLDMultiFamily

Foley/Federico Team Acquires South Boston Multifamily For $2.9M

326 Dorchester Street, Boston, MA, USA

$2,900,000

$713/SF

Building Size

4,062 SF

Asset Type

MultiFamily

Closing

Jul 31, 2021

AI

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

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker

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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93