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34 Speedwell Street, Dorche...

Boston Commercial Realty Acquires Multifamily Property On Speedwell St For $1.1M
SOLDMultiFamily

Boston Commercial Realty Acquires Multifamily Property On Speedwell St For $1.1M

34 Speedwell Street, Dorchester, Massachusetts 02122, United States

$1,105,000

$271/SF

Building Size

4,064 SF

Asset Type

MultiFamily

Closing

Jan 23, 2022

AI

The multifamily property located at 34 Speedwell St in Boston, MA has recently sold in a closed transaction. The property consists of 3 units, with a total square footage of 4,064. The sale price for this asset was $1,105,000, resulting in a per unit price of $368,333. The price per square foot was calculated to be $272.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,105,000
  • Units: 3
  • Price Per Unit: $368,333
  • Square Footage: 4,064
  • Price Per Square Foot: $272
  • Address: 34 Speedwell St, Boston, MA
  • Market: Boston, MA

In this transaction, Laurence Tamkin from Boston Commercial Realty represented the buyer, while James Silva from At Home Real Estate Group, Inc represented the seller.

Players

Laurence Tamkin

Broker

$14.7M

vol

8 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.36%

Cash-on-Cash

-4.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93