Christine Tam Acquires Multifamily Property In Dorchester, MA From Anthony Tam
SOLD
$2,900,000
Massachusetts
See Similar DealsMultiFamily6,578 SF
Sold 02/12/2021
SOLD
Christine Tam Acquires Multifamily Property In Dorchester, MA From Anthony Tam
345A Neponset Ave, Dorchester, MA 02122, USA
See Similar DealsMultiFamily6,578 SF
Sold 02/12/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$440
Total Square Footage:6,578 SF
Transaction Type:Sale
The multifamily property located at 345 A Neponset Avenue in Dorchester, MA has been sold for $2,900,000. The property spans across 6,578 square feet, resulting in a price per square foot of $441. The sale took place on February 12, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,900,000
- Square Footage: 6,578
- Price Per Square Foot: $441
- Address: 345 A Neponset Avenue, Dorchester, MA
- Market: Dorchester, MA
The seller of the property was Anthony Tam, while the buyer was Christine Tam.
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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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