Updated Oct 28, 2024
17 Newbury Street Llc Acquires Multifamily Property In South Boston For $2.9M
326 Dorchester Avenue, South Boston, Boston, MA, USA
$2,900,000
$713/SF
Building Size
4,062 SF
Asset Type
MultiFamily
Closing
Aug 12, 2021
About this deal
AI
Located at 326 Dorchester St in South Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans 4,062 square feet and features a sale price of $2,900,000, resulting in a price per square foot of $714.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Buyer: 17 Newbury Street Llc
- Seller: George H. Katis
- Address: 326 Dorchester St, South Boston, MA
- Date: 08/12/2021
- Market: South Boston, MA
The buyer of the property is 17 Newbury Street Llc, while the seller is George H. Katis. This transaction represents a successful deal between the two parties, highlighting their involvement in the South Boston real estate market.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93